[PeppyGPhiB]

Well, rates were that low just a couple years ago, when the federal reserve made all the interest rate cuts.

And yes, federal loans are need-based. They're talking about the ones people qualify for by filling out the FAFSA.

This is an example of legislation and appropriations that may cost money up front but is worth every penny in the end. Anyone with clear thinking understood why No Child Left Behind was a bunch of PR hooey...the students most impacted by it get the rug pulled out from under them when they try to go to college. We make them meet a bunch of federal standards for test scores, then we don't give them the money they need to get an education beyond high school anyway.

An educated society is a healthy one.