Kudos of the Week

Kudos to Rep. Gabrielle Giffords (D-AZ) for voting in favor of the Ensuring Continued Access to Student Loans Act. According to the press release from Ms. Giffords' office:

H.R. 5715 would address the potential for interrupted access to student federal loans by:

* Increasing the limits on federally unsubsidized student loans to $5,500 for first year, $6,500 for second year, and $7,500 for third and fourth year undergraduates, amounting to a $2,000 increase across the board for federally unsubsidized student loans.

* Increasing aggregate subsidized and unsubsidized federal loan limits for students from $23,000 to $31,000 for dependent undergraduates and $46,000 to $57,500 for independent undergraduates.

* Giving parents and students the option to defer repayment of loans by up to six months, instead of the current 60 days, increasing flexibility for families affected by tough economic times.

Thanks for giving our college students (and their parents) a break, Gabrielle!

Alisa