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[report整理] SENEWS-2010-04-15

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This is the VOA Special English Education report.

Today we talk more about the costs of higher education in the United States. If you missed last week’s report, we can find it at voaspecialenglish.com.

Foreign students who need financial add generally have to * from school itself or their own government or employer.

If you follow the news, you knew that president Obama recently signed healthcare reform legislation. But one of the two bills he signed into law also made unrelated changes in the Federal student loan program.

These changes were required new loans to come directly from the department of education. The department already makes these federally guarantee loans for American citizens and permanent legal residence.

But since 1993, it has also paid private lenders to provide them. Now as the July first, all new loans will go through the direct loan program only.

Officers say the new law will save the government 61 billion dollars over 10 years. The plan is to use more than half the savings to provide more federal peal grands to * students.

A few billion will also go to schools that traditionally serve minorities and to help two year community colleges.

David Bin is a senior vice-president of the America association of communicates colleges.

“* everybody higher education benefits from almost all of these bill”

The new law will reduce the most that borrowers must repay each year from 15% income to 10%. And the longest repayment will be shortened from 25 years. Any remaining * will be for given after 20 years or 10 if borrowers entry public service.

Supporters in high education said the final bill did not go far enough. Republic and Pronounce called it and unnecessary government take over of a private industry.

Another critics say some was that the Financial services industry could lose about 13 thousand jobs.

The department of education reported last year that about two thirds of graduate from 4 years colleges had student loan *. The average was about 23 thousand dollars.

And that’s the VOA Special English Education Report. Written by Nancy Steinbeck, you can discuss education and other subjects on our face book page at voa learning English. And you can find transcripts and podcast at voa special English.com, I’m Steve Ember.
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