The agenda is likely to include: cuts in student loan rates, more aid for low-income families and a tuition tax credit for parents, including middle and upper-middle class wage earners.
Among the measures Democrats have proposed is halving the interest rate on some federal student loans, which could save students thousands of dollars over the term of their loans. Parents could benefit from a proposal to allow tax deductions for tuition paid by families earning up to $160,000 a year. And lower-income families could get added help from a possible expansion of the federal Pell Grant program. --WSJ
Here's the link to the complete article, which has some interesting points about how the program will be funded and what kind of bi-partisan support will exist.
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The Frugal Duchess Boutique
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