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ALBANY -- Gov. David Paterson is supporting a plan to create low-interest student loans for public and private universities in New York.

Federal Direct Loans for 2008-09 Indiana University Northwest, along with all Indiana University campuses, will begin using the William D. Ford Federal Direct Loan Program as its source for federally backed student loans, beginning in fall 2008.

More than 20,000 graduates were overcharged on their student loan repayments last year.

Paterson says he's committed to a plan to create low-interest student loans for public and private universities in the state.

Governor David A. Paterson today announced his administration’s commitment to creating a low-cost student loan program - one of the key recommendations in the New York State Commission on Higher Education’s Final Report.

Gov. David Paterson is backing a plan to create low-interest student loans for public and private universities in New York.

Student loan borrowers who commit to a decade of public service may see the remaining balance on their federal student loans forgiven under the government's new public-service loan forgiveness program.

Associated Press - July 21, 2008 10:55 AM ET ALBANY, N.Y. (AP) - Gov. David Paterson is supporting a plan to create low-interest student loans for public and private universities in New...

Gov. David Paterson is supporting a plan to create low-interest student loans for public and private universities in New York. The proposal for a subsidized loan program financed through tax-exempt bonds comes from the state Commission on Higher Education.

Hundreds of thousands of students would be eligible for the low-interest college loans being proposed by the state Commission on Higher Education. The recommendation Monday received the support of Governor Paterson.