The U.S. House of Representatives recently passed the Student Aid and Fiscal Responsibility Act—an act that will reform the federal student loan system to save taxpayers $87 billion and will direct $10 billion in savings back to the Treasury. Now the bill heads to the Senate.

Saving taxpayers tons of money sounds good, but how will this new bill make college more affordable to students? To answer this question Youth Radio talked to Mike Larsen, Communications Director for Congresswoman Jackie Speier.

More after the jump.