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05/31/2010 05:12 am ET Updated May 25, 2011

PHOTOS: 9 Key Points Of The Student Aid Bill

The Student Aid and Fiscal Responsibility Act, signed into law yesterday, will bring major reforms to America's higher education system. The law plans to drastically alter the way student loans are carried out, increase award money for needy students and extend significant financial support to community colleges.

Here are nine notable changes the law will bring.

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BEFORE YOU GO
The Student Reform Bill: Key Points
PHOTO GALLERY
The Student Reform Bill: Key Points