I was wondering if anyone had any insight on this new legislation. How much will this bill affect graduate student loans? I read that it will be increasing Pell grant awards (an unbelievable 375 dollars or so ) but aren't these targeted for undergraduates? I also read that the Plus program's interest rate may come down a bit, to 7.9% or so... As you can see my knowledge on this topic is a bit fragmented but I'll try to post new information as I further research this. Thanks!