Deep in the weeds of the Health Care reform are a few notable pieces related to college planning.

The first is that the government has cut out the private lenders in the granting of loans and as a result all loans are facilitated directly from the US Government.  This is good news are rates will be a bit lower for parents (The Plus loans) will be  7.9% instead of 8.5% currently being charged by private lenders.

Also, starting in 2014,  the act  limit payments to 10% of discretionary income for the student and will forgive debt after 20 years. Previsously, it was 20% of discretionary income.

Additionally, funds were increased for Pell Grants.  These are funds for the most disadvantaged.

For more information on college planning and financial aid a couple of good websites are

For more information on financial aid and loans, check out:

www.finaid.com

www.savingforcollege.com

Both are top notch sites with good information readily available.