Overview of Law

Expands Pell Grants and directly funds federal student loans, thus ending the practice of banks acting as middlemen on federal subsidized and guaranteed loans.

Student Aid Act Benefits & Positives

DatePositive Result\BenefitRank
03/30/10$2 billion investment to laid off workers for education and career training programs in community colleges over four years starting in 2010
03/30/10$68 billion to expand Pell grants & make it easier for students to repay outstanding loans after graduation through savings in the federal student loan program