Student Loan Reform: Seven Ways It May Change Your Life (PHOTOS)

The Health Care and Education Reconciliation Act of 2010, which President Barack Obama signed
off on in March, took effect July 1. The law incurs widespread changes to America's student loan system, from how you pay back loans to how much you pay back at a time. Find out how some of them might affect you below.

What do you think of the reformations to student lending in America? Is there any particular one that will help you? Or are you unimpressed the by the changes? Leave a comment with your opinion.

1 of 7

No Private Lenders

1 of 8

First Slide

Previous Slide

@

Private lenders used to get subsidies for giving money to offer federal loans, and could charge as much as 8.5 percent interest. That won't happen anymore. With the new separation, there will be a single fixed rate for new parent loans of 7.9 percent.

The Preppiest Colleges Of 2012

George Huguely Trial: UVA Changes In The Wake Of Yeardley Love's Death

gadgets/slideshows/207708/slide_207708_663652_small.jpg

Super Bowl 2012: When The Players Were In College

The Most Prude Colleges

The 10 Cheapest Private Colleges

The 10 Most Expensive Colleges

Private lenders used to get subsidies for giving money to offer federal loans, and could charge as much as 8.5 percent interest. That won't happen anymore. With the new separation, there will be a single fixed rate for new parent loans of 7.9 percent.

comments(206)

Total comments: 206 | Post a Comment

1 of 8

Rate This Slide

Rank #2  |  Average: 4

Least Helpful Most Helpful

• 
  1
• 
  2
• 
  3
• 
  4
• 
  5
• 
  6
• 
  7
• 
  8
• 
  9
• 
  10

Current Top 5 Slides

loading...

Choose your Top 5 Slides

UserName

 | Become a fan

Picked These as the Top 5 Slides in the Slideshow

loading...

Top User Slides

← Prev|Next →

 | Become a fan

Picked These as the Top 5 Slides in the Slideshow

loading...

Users who voted on this slide

← Prev|Next →

loading...