Government to be primary lender to college students - Hawaii News Now - KGMB and KHNL

Government to be primary lender to college students

WASHINGTON (HawaiiNewsNow) - Included in the health care bill is a revision to the student loan system.

The overhaul will now make the government the primary lender to college students...taking that role away from banks.

And with banks removed as the middleman, the government will pour more money toward Pell Grants.

About half of all undergraduates receive federal student aid...and more than eight million students attend college with the help of those grants.

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