Home » Financial Aid, News, Scholarships, Student Loans

Earnings Contingent Education Loans Act Would Replace Direct Stafford Loans

18 December 2012 30 views No Comment

Rep. Tom Petri introduced the Earnings Contingent Education Loans Act (ExCEL Act) on Monday, which would replace the Federal Direct Stafford Loan Program with an Income Dependent Education Assistance Loan (IDEA) Program, and eventually move all federal student loans to the IDEA Program (with limited grandfathering). This article provides a detailed summary of the bill.

Read the whole article originally published in: Todays News Feed.

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Financial Aid News is sponsored in part by:


Leave a Reply

By clicking 'Submit Comment', you agree to the Edvisors Terms of Use and Privacy Policy.