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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 dot com.
Foreign students who need financial aid generally have to seek it from the school itself or their own government or 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 students loan program.These changes will require new loans to come directly from the department of education.
The department already makes these federally garantee loans for American citizens and permanent legal residents.But sine 1993,it has also paid private lenders to provide them.Now as the July 1st,all new loans will go through the direct lown program only.
Official say the new law will save the government 61 billion dollar 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 traditional serve minorities and to help two-year community colleges.
David.B is a senior vice president of the American association of community colleges.Everybody hire education benifits from almost all this bill.
New law will reduce the most that borrowers must repay each year from 50% of thier income to 10%.And the longest repayment period will be shortened from 25 years.Any remaining that will be forgiving after 20 years or 10 if borrowers enter public service.
Supporters in higher education said the final bill did not go far enough.Republic and opponents call it an unnecessary government take over of a private industry.
Another criticism was that the financial service industry could lose about 30,000 jobs.The department of education reported last year that about 2/3 of graduates from four-year colleges had student loan debt.The average was about 23,000 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 voalearningenglish.And you can find trascripts and podcasts at voaspecialenglish dot com.I'm Steve Ember.

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