College Made Affordable

There's been a recent spike in the nation attempt to make college education more affordable for middle class and middle age citizens.

President Bush put his John Hancock (signature, if you not familiar with that slang) on once bill now law that will cut loan rates for current and future students. Also include in the College Cost Reduction and Access Act of 2007 is the forgiveness of debts for some graduates along with clarification of the rules for 529 savers. Certain students who are faithful to their loans notes will be eligible to have their debt forgiven (according to Money Magazine’s “How the B.A. Got Cheaper” article). For all 529 savers, monies taken out of third party accounts will no longer play apart in the decision for federal aid.

This is a relief to not only the children of American check writing citizens, but for some older students; who according to statistic nearly 20% of all graduates are 40 years old or older. Included in this national educational face lift is Harvard University who intends to overhaul its aid programs to make the University's campus more appealing to ordinary Americans (according to The Wall Street Journey).

Personally, I think this is a good sign for our economy. More educations means better jobs, better jobs means mo money, mo money means people are more comfortable spending. I think with all the excitement; I’ll go continue my education (seriously).