RSS
Home
How will Obama’s Stimulus Plan affect college students?
Print
Email
RSS
Subscribe
Financial aid for college students will be drastically expanded, simplified, and improved under the new Stimulus Plan, according to US Secretary of Education Arne Duncan..jpg)
"President Obama's proposed budget calls for a historic investment to make college more affordable and accessible and to help more students succeed once they get there," said Duncan.
Once again, Obama and his people speak the words that appeal to all of us. During the past two years, our family has shopped for colleges. The costs have risen far beyond inflation and far beyond the means of most families.
However, as much as I like the way all this stimulus stuff sounds, once again I wonder where in the heck all this money will come from.
We are investing in the education of our children, but once this generation graduates, they will be saddled with our past debt.
What will be available to college students under this American Recovery and Reinvestment Act?
· First of all, there will be an additional $17 billion for Pell Grants.
· The plan would also increase the Federal Perkins Loan Program to $6 billion in loans every year.
· $14 billion is provided for tuition tax credits for middle class families, raising the credit to $2,500 from $1,800. However, one has to spend $4,000 and meet other criteria to receive this credit.
· The budget overview also includes a $500 million grant program for a new federal-state-local partnership to improve retention and graduation rates, particularly for low-income college students.
Obama’s plan also includes revamping and restructuring many parts of the system to make it more efficient and less frustrating for parents.
Details of the FY 2010 budget proposal will be released in late April.
For more information, see: "Obama Stimulus Plan: $100 Billion for Education."
Education Secretary Duncan Highlights Budget Proposals to Increase College Access and Affordability"
"How to Obtain College Scholarships "
Note: if you would like to receive regular updates on what’s happening with education, please click on the Subscribe icon above to sign up for once-a-day spam-free emails
Related Articles:
Comments
Residents are being asked to donate $1 per day per child, or about $360 per year, to make up the current school budget deficit in the West Bloomfield, …
Public schools control children by subjecting them to prison-like security, arbitrary punishment, and forced prescription of dangerous drugs such as …
- Barack Obama's Letter to His Daughters Emphasizes Education
- Have Teachers' Unions Been Betrayed by Obama?
- How Will Obama's Stimulus Plan Affect College Students?
- Obama Stimulus Plan: $100 Billion Education Dollars
- Text of Obama's Education Speech Released
- What Should Obama Tell Us About Childhood Obesity and Health Care?
- Are Charter Schools Good for Our Children?
- Charter School List Grows in Metro Detroit Area
- Charter School Pays College Costs for Graduates Who Agree to Help City
- Charter Schools Enroll 1.4 Million Nationwide While Demand Rises
- Charter Schools Key to School Reform
- Detroit Billionaire Works With New Mayor Bing to Open Charter School
- Sharpton, Gingrich Join to Challenge Educational Establishment, Promote Charter Schools
- ACT Versus SAT: Which College Exam Should You Take?
- Buying Textbooks Online: Save Money
- Choosing a College
- College Students Can Get $2500 Tax Credit Under Stimulus Plan
- Finding Scholarships
- How Should Parents Communicate With Their College Students?
- Renting Calculators to Save Money
- Renting College Textbooks
- Students Pay No Tuition But Work for Campus Businesses at College of the Ozarks
- Watching Your Teen Pack for Freshman Year of College
- Why Do So Many College Students Drop Out?
- Divorce and Homeschooling
- Homeschoolers are Successful in College
- Homeschoolers Score Higher Than 86% of Peers
- Homeschooling Numbers Double in a Decade
- Homeschool Statistics and Laws
- Talented and Hilarious Homeschooling Moms Sing to Their Neighbors
- Top 10 Reasons to Criminalize Home Schooling
- Unschooling is Homeschooling that Fits Many Familes
- Do Public School Really Need More Money?
- Lawsuit Against No Child Left Behind Dismissed
- Should Inmates Earn Diplomas in Prison?
- Should Parents Receive Tax Rebates for Private School Tuition?
- States Turn Back on Race to the Top Funds Due to Educator Concerns
- Why is the US Public School System Struggling?
- ACORN Receives Millions From Teachers' Unions
- Retired Educator Bravely Gives Opinion on Teacher Unions
- Should School District Union Negotiations be Public?
- Should Schools Implement Merit Pay for Teachers?
- Should Teachers Strike Illegally?
- Should Teachers' Union Dues Pay for Politics?
- Survey Says Teacher Satisfaction Has Risen
- Teachers and Homeschools can Buy and Sell Used Supplies on New Website
- Teachers' Union Discourages Members from Volunteering at School
- Teachers' Unions Stuggle During Recession
- Will Teachers Lose Their Union-Owned Health Insurance?
- 26.8% of Students in Detroit Graduate
- 29 Detroit Schools Will Close; 40 Failing Schools Will Restructure
- Bill Cosby to Help Robert Bobb Promot Desperate Detroit Schools
- Detroit Public Schools Request Disaster Funding from US Education Department
- Millions of Stimulus Dollars to Pay for Massive Academic Overhaul of Detroit Schools
- Power Control at Issue as Detroit School Board Sues State Manager
- Will Detroit Public Schools Declare Bankruptcy?
