Two bills, one in the House and one in the Senate, will deliver student loan reforms not seen in over 60 years.  This is great news given that the average U.S. college grad leaves college with $19,200 in debt.  Many students struggle to pay down their college debt, which usually comes due within 6 months of graduation.  This struggle is exacerbated when students pursue careers in public service or teaching, careers that traditionally pay lower salaries.  Even students that accept jobs in higher-paying career fields can find themselves unable to manage student loan payments, rent on new apartments and, oh yeah, food.

Both the House and the Senate’s bills will provide some much-needed relief to current and future college students, and families considering the amount of debt their students’ may have to carry in order to attend their first-choice schools.  Though, the House bill, the 2007 College Cost Reduction Act, may be the most beneficial to the most students.
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