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[tags: college, subsidize, debt] - If you're counting on government student loans to get you through college or graduate school, count on paying them back.
The Education Department has become one of the toughest debt collectors around.
The Student Aid and Fiscal Responsibility Act (SAFRA) proposed in 2008 and passed in 2009 rewrote student financial aid rules in a positive way and outmoded the ineffective old student loan system....
[tags: Student Loans] - The Importance of Budgeting to Avoid Defaulting on Student Loans Students defaulting on their loans will always be a problem for the government as long as there are students taking out loans.
For one, academic institutions in and of itself cannot deny their responsibility for instigating the crisis.
Either way, students that belong to a low-income family will be greatly affected.
Cutbacks in the funding of student loans have several effects....
The task force consisted of some members of Congress, the Labor Department, Health and Human Services, Business Community, Interest Groups, College Students and the Office of Management and Budget.
The goal of the task force for education was to expand education, and create more training opportunities.