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President Signs Overhaul of Student Aid

http://www.nytimes.com/2007/09/28/education/28brfs-PRESIDENTSIG_BRF.html?ex=1348632000&en=6262d6d0b380790c&ei=5088&partner=rssnyt&emc=rss

On Thursday, September 27, the President signed the College Cost Reduction Act almost two months and a week after the Senate approved the bill. The law raises grants for low-income college students, offers forgiveness on student loans for graduates who work in public service professions like teachers for 10 years or more and limits monthly payments on federally-backed loans.