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[report整理] SENEWS-2010-04-15

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[Homework]SENEWS-2010-04-15

This is the VOA special English enducational report. Today we talk more about the cares of higher enducational in the United States. If you missed last week's report, you can find it at VOA special english dot com. Foreign students who need financial aid gengrally have the ciket from the school itself or their own goverment or employer. If you follow the news then you know that president Obama recently signed healthcare reform legisnation, but one of the two bills he signed into law also made an related change in the fedral students long program. This changes were require new loans to come directly from the department enducation. Departments already makes these fedrally garenty loans  American citizens and residents, these changes were need guaranty loans for Amercian citizens and permenant legal residents. But since 1993 it has also paid private lender to provide them. Now as July first all new loans will go through the direct loan program only. Offcial say the new law will save the goverment 61 billion dollars over ten years. The plan is to use more than half the saving to provide more fedral pair grants to needy students. A few billion will also go to schools that traditionally serve minorities and to help 2 year community colleges. Dave Dan is a senior vice president of the Amercian association of comunity colleges.  Now everybody higher education benifits from almost all his bill. New law will reduce the most that borrowers must repay each year from 15% of their income to 10% and the longest repayment period will be shortened from 25 years. Any remaining debt will be forgiven after 20 years or 10 if borrowers enter in public service. Supporters in higher education said the final deal did not go far enough. Public and pollence called it an unnecessary goverment take over of private industries. Another critical seasons was that the financial service industry could lose about 7,000 jobs. Department education reported last year that about 2 thirds of graduates from 4 years colleges had student loan diet, the average is about 23,000 dollars.
And that's the VOA special english education report. Written by Nancy.

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