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Student aid to jump under new federal law.(NEWSWATCH)

Women in Higher Education

| October 01, 2007 | COPYRIGHT 2007 Women in Higher Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Soon the biggest federal increase in student financial aid since the GI Bill more than 50 years ago will relieve some of students' money woes.

Congress has passed and President Bush has agreed to sign legislation to raise the maximum Pell grant from $4,310 to $5,400 and halve the interest rate on subsidized student loans, while reducing subsidies paid to lenders.

That's good news to women students, who are more likely to work while in school and ...

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