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发表于 2010-4-15 11:06
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Homework:
This is the VOA Special English Education Report
Today, we talk more about the cost of higher education in the United States. If you missed last last week's report, you can find it at voaspecialenglish.com.
Foreign students who need financial aid generally have to seek it from the school itself or their own government for an employer. If you follow the news, then you know that President Obama recently signed health care reform legislation.
But one of the two bills he signed into a law also made unrelated changes in the federal student loan programs.These changes will require new loans to come directly from the department of the education.
The department already makes these federally guarantee loans for Americans citizens and permanently legal residents. But since 1993, it has also paid private lenders to provide them.
Now, at July first, all new loans will go through the direct loan program only. Official say the new law will save the government sixty-one billion dollars over ten years, The plan is to use more than half the savings to provide more federal pell grants to needy students.
A few billion will also go to schools that traditionally serve minorities and to help two year Community colleges. David Ben is a senior vice president of the American Association of Community Colleges.
And, as you know, everybody in higher education benefit from almost all these bill....
The new law will reduce the most that borrower must repay each year from fifteen percent of their income to ten percent. And the longest way payment period will be shortened from twenty-five years.
Any remainly debt will be forgiven after twenty years or ten if borrowers enter public services. Supporters in higher education said the final bill did not go farer enough. Republican opponents call it an unnecessary government takeover of a private industry. Another criticism was that the financial services industry could lose about thirteen thousand jobs.
The department of the education reported last year that about two-thirds of graduates from four year colleges had student loan debt. The average was about twenty-three thousand dollars.
And that's the voaspecialenglish education report, written by Nancy Steinbach. You can discuss education and other subject on our facebook page at voalearning english. And you can find transcript and podcast at voaspecialenglish.com. I'm Steve Ember. |
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