Earnings Contingent Education Loans Act Would Replace Direct Stafford Loans
18 December 2012
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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.
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