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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 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 voaspecialenglish.com.

Foreign students who need financial aid generally have to seek it from the school itself or their own government for employer.If you follow the news,that you know that President 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 loan program.

These changes all require new loans to come directly from the department of education.The departments already makes these federal guaranteed loans for American citizens and permanent legal residents.

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 program only.

Officials say the new law will save the government sixty one billion dollars over ten years,the plan is to use more than half of the savings to provide more federal payer grants to needing students.

A few billion will also go to schools that traditionally served monorities and to help two-year community colleges.T is a senior vice president of American Association of Community Colleges.

Teverybody with higher eduction benefits from almost borrowing in this bill

The new law will reduce the most that borrowers must repay each year from fifty percent of their income to ten percent.

And the longest repayment period will be shortened from twenty five years.Any remaining debts will be forgiven after twenty years or ten if the borrowers enter public services.

Supporters in higher education said the final bill did not go far enough.Republican opponents called it an unecessary government takeover of private industry.

Another criticism was that financial services industry could lose about thirty thousand jobs.The department of education reported last year that about two-thirds of graduates from four-year colleges had student loan debts.The average was about twenty three thousand dollars.

And that's the VOA Special English Education Report wrriten by Nancy *.You can discuss education and other subjects on our facebook page at VOA Learning English.
And you can find transcripts and podcasts at voaspecialenglish.com.I am Steve Ember.

This post was generated by put listening repetition system,  Check the original dictation thread!
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