College Scholarships, Grants & Loans

Saturday, February 25, 2006

Indiana Senate Passes Student Loan Bill

While President Bush and his regime put the screws to student loan applicants, it's good to see some states trying to do the right thing.

The Indiana Senate has passed Senate Bill No. 230, which would permit the Indiana Secondary Market for Education Loans, Inc. to issue loans directly to students. This would eliminate the loan origination fee and would lower the interest rates on the student loans. The bill will be sent to the Indiana House.

Congratulations to Senators Lubbers and Simpson, as well as Representatives Behning, Micon and Welch for co-sponsoring this critical piece of legislation.

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