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[report整理] SENEWS-2010-04-15

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[Homework]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, you can find it at voa special.com.
Foreign students who need finacial aid, generally have to seek it from the school itself, or their own government board employer. If you follow the news, then you know the present Obama recently signed health care reform legislation, but one of the two bills he signed into law also made unrelated changes in the Federal student loarn programme.
The changes will require new loans to come directly from the department of education. The departments already makes these federally guarantee loans for Amercian citizens and permanent legal residence. But since 1993, it has also paid private lenders to provide them. Now as July 1st,all new loans will go through the direct loan programme only.
Offical 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 programmes to needed students. A few billion will also go to schools that traditionally serve minorities and to help two year community collages.
Daner Dim is a senior vice president of American Association of Community Collages. everybody in higher education benifits from almost all this bill The new law will reduce the most that borrowers must repay each year from 50% of their income to 10%. And the longest repayment piriod will be shortend from 25 years. Any remaining dead will be forgiven after 20 years or 10 if borrowers enter public service.
Supporters in higher education said the final bill did not go far enough. Republic X called it an unnecessary goverment take over of a private industry. Another criticism was that the final services industry could lose about 3 thousand jobs. The department education reported last year that about 2 thirds of graduates from 4 year collages had students loan dead. The average was about 23 thousand dollars.
And that's the voa special english education report, written by Nancy Steinbach. You can discuss education and other subjects on our facebook page at voa learning english. And you can find trnascrips and hard casts at voa special english.com. I'm Steve Ember.

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