Colleges prepare students for loan changes - WALB.com, Albany News, Weather, Sports

Colleges prepare students for loan changes

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By Tayleigh Davis - bio | email

TIFTON, GA (WALB) - College financial aid directors are preparing for major changes to the student loan program. A part of the new health care law ends student loans from private banks.

The government can do it cheaper and will now handle all student loans. The ABAC financial aid office already sent letters informing students how they'll borrow and repay loans.

"It will change things," said ABAC Financial Aid Director, Jenelle Handcox. "Students will have to adjust to not having to choose a lender. It's a positive thing because it could potentially mean more grant money coming to students through the federal government.

Roughly 3,6000 students attend ABAC. More than 2,5000 receive  financial aid.

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