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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 cost of higher education in the U.S.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 or employer.If you followed the news,that you know that President Obama recently signed healthcare reform legislation.But one of 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 garantee loans for American citizens and permanent legal residents.But since 1993,it has also paid private lenders to provide them.

Now as July first,all new loans will go through the direct loan program only.Officials say the new law will save the government 61 billion dollars over ten years.The plan is to use more than half the savings to provide more federal pell grants to nedi students.A few billion will also go to schools that traditionally serve minorities and to help two year community college.

David Baime is a senor vice president of the American Association of Community Colleges.Every being in higer education that has fits almost from this bill.New law will reduce the most that barawords that must repay each year from 15 percent of their income to 10 percent.And the longest repayment period will be shortened from 25 years.Any remaining debt will be forgiven after 20 years or ten if borawords enter public serves.

Supporters in the higher education said the final bill did not go far enough.Republic in opponents called it a unnecessary government take over of a private industry.Another criticism was that the finacial services industry could lose about 30,000 jobs.

The department of education reported last year about two thirds 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 face book page at VOA Learning English and you can find transcripts and podcasts at voaspecialenglish.com.I'm Steve Ember.


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