In 2007 Congress passed the College Cost Reduction and Access Act. The bill included several provisions to lessen the burden of student debt including:
- More than two billion dollars a year in additional funding for the Pell Grant program. The Pell Grant helps more than 5 million lower-income students each year.
- A new Income-Based Repayment program that allows student loan borrowers to repay their federal loans as a percentage of their income.
- Reductions in interest rates on subsidized Stafford student loans.
One thousand professors from over 300 colleges in all 50 states released a statement today declaring their preference for high-quality, affordable textbooks, including open textbooks, over expensive commercial textbooks.
In March, the U.S. PIRG Education Fund released The Campus Credit Card Trap,[i] reporting the findings of a major survey of student attitudes toward the marketing of credit cards on college campuses. This follow-up paper outlines the recommended characteristics (terms and conditions) that credit cards marketed to college students should have to be considered “fair” to college students and other young people. Such fair cards should also be marketed subject to all of the PIRG marketing principles and be accompanied by independent financial education and literacy programs.
Youth turnout surged in key primary states last night, continuing a striking trend started in the first presidential contests of 2008. "In all the noise of last night's election, one message was heard loud and clear," said Sujatha Jahagirdar, Program Director with the Student PIRGs' New Voters Project. "Young people are tuning in and turning out."
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