that's unfortunate the congressional budget office says this bill would save 87 billion dollars over 10 yeras.. by originating all student loans through the federal government... the savings would be used to increase pell grants and help keep interest rates on federal loans a little more affordable. i think it'll have an impact on interest rates .. i just don't think it'll have that much of an impact on student level.. save 30 dollars a month.. yeah.. savings.. not going to change their life paula luff.. with the financial aid office at depaul university says the most beneficial change involves pell grants.. that scholarship would be increased to more than 55- hundred next year... and go up every year until reaching 69- hundred in 2019 but luff says another potential changes to the perkins loan program may not be all positive. students that are using perkins loan program.. could be a blow to them under the new legislation, that low cost federal student loan program.. would be expanded to include three times more colleges... but.. the downside.. is that students may not be able to defer the in