Here's some good news: Starting July 1st, the federal government will be increasing federal grants for college students. Some of this increase is coming from the Pell Grant, which will reach more students than ever in 2010. But there are also a new federal grant for dependent of US service men and women killed in the line of duty. Here's a look at the changes you can expect in … [Read more...] about New Federal Grants for American College Students
Grants
House Passes Major Student Loan Reform
You probably already know about the major health care bill that passed the House on Sunday night. But did you know that tacked onto the end of that bill is a $60 billion student loan reform program. I've talked to you in the past about President Obama's plans for overhauling student loans, and now those plans have come one step closer to being implemented as law. The House … [Read more...] about House Passes Major Student Loan Reform
In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle
President Obama's plan to federalize student loans and increase funding for the Pell Grant cleared its first legislative hurdle today when the House Education Committee approved the plan. Known as the Student Aid and Fiscal Responsibility Act of 2009, the President's plan would expand the number of students eligible for Pell Grants. Currently 40 percent of American college … [Read more...] about In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle
New Federal Grants for Teachers
Are you planning to be a teacher? Do you know about the (relatively) new federal education grants for teachers? If not, you should! The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program was created by Congress in 2007 to provide provides grants of up to $4,000 per year to education students planning to teach in schools that serve low-income … [Read more...] about New Federal Grants for Teachers
Financial Aid in the News: Obama Plans Changes for Pell Grant
President Obama's budget plan calls for a number of sweeping changes for federal student aid, from student loans to state grants to education tax credits. It also proposes to big adjustments in the Federal Pell Grant Program. The Pell provides need-based grants to low-income students. While the amount of the grant is set each year by the Congress, the Pell Program is often … [Read more...] about Financial Aid in the News: Obama Plans Changes for Pell Grant