Students could see changes to financial aid next year

11/8/2012 | U.S. News & World Report

Changes could be on the way for financial aid programs in 2013-14, despite the re-election of President Barack Obama. Possible changes include an higher interest rate for Stafford loans, but a small increase in the maximum amount that can be awarded to low-income students through Pell grants. A tax credit, giving families $2,500 back for college expenses, could be eliminated, while students could be offered some relief in paying back student loans.

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U.S. News & World Report