Higher Education Opportunity Act (HEOA) Highlights
Lower
Interest Rates:
decrease in interest rate on subsidized
federal loans for undergraduates from 6 to
5.6%
Reduced
loan fees:
borrower
origination fees lowered by 0.5%
New
Income-Based Repayment Program
Maximum
Pell Grant increase:
maximum Pell Grant award 2010-2011 is $5550
Year
Round Pell
Expanded ACG/SMART eligibility
In-state
tuition for active duty military
Exclusion
of Veteran Education Benefits
Visit
http://www.ifap.ed.gov/ifap/whatsnew.jsp
for more information and timely updates.
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Financial
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