Sept. 20th - Yesterday, at both UNLV and UNR campuses, Young Democrats of America helped create postcards thanking Congress for passing the College Cost Reduction Act.

This act, which is considered the most significant piece of legislation to help students since the GI Bill, passed Congress last Friday.

The bill will do, among other things, the following:

- Cut the interest rate on federally backed student loans by 50%, dow to 3.4% from 6.8%

- Increase the amount of money included in the Pell Grant to $4,800 a year next year, then up to $5,400 dollars a year by 2012.

- Cap student loan payments at 15% of monthly discretionary income.

- Loan forgiveness for those individuals that engage in public service or join the military.

Both campus organizations were able to obtain hundreds of signatures from students happy to see their Government helping relieve some of their mounting financial burden associated with higher education.