New Legislation Helps Make College More Affordable

College students will have their financial burden lightened a bit thanks to a new law.

President Bush signs legislation designed to make college more affordable for students from poor and middle-class families.

The law boosts the maximum Pell Grant given to the poorest college students by more than $1,000 by 2012.

The legislation also slashes interest rates by half on federally backed student loans over the next four years.

Boosting college aid was one of six domestic priorities Democrats set when they took control of Congress earlier this year.

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