Obama's proposed financial aid reform - WSLS 10 NBC in Roanoke/Lynchburg Va

Obama's proposed financial aid reform

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President Obama wants to change the Federal Student Aid program to link federal dollars to new Education Department ratings of colleges and universities. That would provide students at better-rated schools with less expensive loans or bigger grants. If Congress approves Obama's plan, schools would lose Federal Financial Aid for their students if the Education Department decides they aren't doing enough to control costs, deliver quality education or open their doors wide enough for students from low- and moderate-income families.

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