Posted by Pin-Yu Liao
Last month, President Obama proposed what some experts called the most sweeping changes in federal college aid programs in decades. But even if Congress approves the new and expanded programs, they will not take effect until July 2010.
So here is a heretical idea for this year’s high school seniors: Take a year off and go out and do something else. Then, when it is available, see if you can take advantage of that aid money — more fixed-rate student loans and bigger grants to the poorest students.