Rising Student Loan Debt Has Many Wondering if Changes Will Be Made
"A massive amount of student loan debt is being created by federal lending programs, which has many wondering if changes will be made to improve the system," Central Michigan Life reports. "'There is lots of talk about possible changes that may be on the horizon for the student loan programs,' [Central Michigan University Director of Scholarships and Financial Aid Kirk Yats] said. 'The National Association of Student Financial Aid Administrators is actively involved with the re-authorization of the Higher Education Act. This process takes place approximately every four to six years.' The university is also doing what it can to help lighten the weight for students and is constantly looking to improve financial aid options. 'Over the past six to seven years, CMU has consistently increased the amount of institutional funds for scholarships, need-based grants and work awards,' Yats said. 'We are closely monitoring student debt, and we are very concerned about affordability.'"
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