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Pell Grants, the Debt Ceiling and You


Aug 4, 2011

If you’re one of the more than nine million undergrads who depend on Pell Grants to pay for school, you have probably been pretty anxious over the past few weeks.

This past February, the United States House of Representatives passed a Continuing Resolution which would slice the federal budget drastically. One of the programs to be affected by the cut is the Pell Grant program. The maximum amount of funds available to college students would be lowered from $5,550 to $4,705 and the changes were set to take effect for the 2011-2012 academic year.

Students were able to breathe a sigh of relief when the Pell Grant program, which has long received bipartisan support from the Senate, was able to avoid major cuts after all. The debt-ceiling bill passed earlier this week [...]

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If you’re a graduate student or considering graduate school, listen up: The debt deal reached by Congressional leaders and President Obama would make graduate school much more expensive.

According to the agreement, Congress would scrap subsidized federal loans for graduate students in an effort to trim the deficits. These loans don’t charge students any interest on the principal of [...]

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Unless you’ve taken residence under a rock for the past few weeks, you’ve heard about the debt ceiling crisis. Thankfully, the White House and Congress have reached a deal to raise the nation’s borrowing limit and shrink the federal deficit which avoids many of higher education’s worst-case scenarios, namely cuts to Pell Grants, the end of subsidized student loans or a government default that [...]

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Take a look at your bills for next semester. If the costs seem a little higher than usual, don’t be quick to blame tuition. It could be fees plumping up your payments.

In an attempt to combat diminishing state funding, many public colleges have elected to raise student fees in lieu of increasing tuition. Though many schools have been quick to point out that the fee increases – $180 [...]

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Even before college applications are due, many students are worried about how they will afford their postsecondary educations. Once the enrollment deposit is in and the initial stress of finding funding has passed, however, it’s easy to forget about how some forms of financial aid – namely, student loans – require repayment starting about six months after graduation. Here are a few tips to [...]

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In college, money becomes a legitimate concern. For the most part, parents have taken care of finances until now and unless you’re lucky enough to come from a wealthy family, college is the first time you’re largely on your own financially.

In the weeks leading up to my first semester as a college student, my dad was adamant that I get myself a job. I’d failed in my attempts to get [...]

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Scenario: Your dream school is beyond state boundaries but your college fund is more suited to a college closer to home. Don't fret: If you know what and where you want to study, you could score an impressive tuition break through a regional discount program. Here's the breakdown:

New England Regional Student Program: Students living in Connecticut, Maine, Massachusetts, New [...]

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Sometimes on-campus living is not an option. Dorms are too expensive or overfilled, or housing may not be provided to transfer students. Well, off-campus housing it is!

One of most efficient ways to live off campus is to find a friend, relative or even a parent’s friend who lives near the campus to see if they would allow you to stay with them. If you choose this option, make sure [...]

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Being a college student has a lot of perks in terms of accessible facilities, discounts and resources. Here are a few tips on what to take advantage of while you’re a student: Amazon Prime. The power of a dot edu email address is amazing and here’s a great way to get a top-notch service for free for a year. Amazon Prime gives you free two-day shipping on eligible products and one-day [...]

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Community service is something most of us have done at one point or another. For some high schools, it’s a graduation requirement but I believe serving your community is vital whether it’s mandated or not. The good news for college students is that not only does community service help others but it can also translate into money for school.

One renown program is AmeriCorps. Several [...]

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According to a study by the National Center for Education Statistics, it costs approximately $80,000 in tuition plus expenses to earn a bachelor’s degree from a public four-year college and about $140,000 to gain the same credentials from a private nonprofit four-year institution. There are certainly ways to find this kind of funding – grants, student loans and, hello, scholarships! – but [...]

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The first day of classes means new professors, new classmates and a completely new routine. It is also about the time that universities distribute refund checks to students. Refund checks are extra funds that are left over after all school fees have been paid. These funds are the result of excess scholarships, grants and loans. Refund checks can come in handy, as students can use the extra [...]

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There are many options for living on or off campus but what’s the best housing option for you?

The most common housing option for a full-time day college student is an on-campus dormitory. As a freshman, I was permitted to join a program called “First Year Experience” or FYE. FYE was for incoming freshmen who had a 3.0 or above grade point average and filled out an application in [...]

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Broke college students across the country have reason to rejoice: Amazon has unveiled an e-textbook-rental program which has the potential to save students up to 80 percent on textbooks!

The program will provide students with the opportunity to download temporary copies of textbooks from Amazon’s website for reading on a Kindle e-book reader, computer, tablet or smartphone running free [...]

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With the start of the fall semester just weeks away, University of California students can look forward to yet another tuition hike – a 9.6-percent increase, to be exact. On Thursday, the Board of Regents passed a $1,068 hike on top of a previously approved 8-percent hike for 2011-2012 school year. The regents voted 14-4 in favor of the second increase to cope with the $650 million cut in [...]

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Sure, brevity was a virtue for our Short & Tweet and Haiku Ninja scholarships but for the more verbose students in the crowd, there’s the Resolve to Evolve Essay Scholarship. The deadline for submission is September 30th, so if you haven’t started writing yet, here’s some helpful info.

The Resolve to Evolve Essay Scholarship – or the R2E, as we like to call it – provides students [...]

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With the soaring prices of college tuition, most college students are trying to get the biggest bang for their buck when paying for school. One way they’re doing this? Having more than one major or minor.

Now don’t be under any delusions: Having a double major or a double minor is a lot of work – and I mean A LOT – but it can be very rewarding. Not only do you get a leg up in the [...]

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In my last article, I mentioned some of my experiences with college political parties and gave a little advice on how to choose one. While the two main choices are College Democrats or College Republicans, there are other ways one can get politically motivated on campus.

One way is joining Student Government Association or SGA as it is called at many schools. SGA is a student-led [...]

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When the recession hit in 2008, higher education officials wondered how – not if – enrollment numbers would be impacted. Three years later, the damage has been revealed...and it’s not what anyone anticipated.

In a new report conducted by the National Student Clearinghouse Research Center, enrollment of traditional-age, first-time college students rose to 2.135 million in 2010, a [...]

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Packing for college can be stressful and frustrating. You buy something you think you are going to need and end up never using it or you forget to buy something and end up making 20 trips to the store on the already crazy move-in day. But fear not, I am here to help.

Now I know that colleges give students lists of things to bring with them but those lists can be wrong. Below, I [...]

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There’s good news and bad news regarding state aid for students. The good: State financial aid for college students, including grants, work-study and loans, rose by nearly 4 percent last year. The bad: Just about half of the states surveyed cut need-based grants, even as demand for financial aid increased.

The data – from a report by the National Association of State Student Grant [...]

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Sometimes transferring can be tricky. If you attend the same four-year university from the get-go, you can pretty much follow a checklist of all the classes you need to earn your degree. If you transfer from a two-year school to a four-year school or from a public school to a private school, however, what happens then?

In Alabama, I am able to use the STARS (Statewide Transfer [...]

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When most people start a new job, it takes a while for them to find their way and perfectly arrange their tchotchkes before they feel truly comfortable. Not Susan Herbst: She took over as president of the University of Connecticut just 22 days ago but she’s already made a huge impact on campus and beyond.

Herbst, the former executive vice chancellor of the University System of [...]

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Before starting school, I didn’t know very much about college life but now that I will be in school a year beyond my expected graduation date, I know what I could have done to enter the real world sooner.

At Towson, all freshmen receive class schedules assembled by the school. I didn't think to change the times of the classes (which were all at 8 a.m. Monday through Friday), nor [...]

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Do you get a headache when thinking about rising college tuition and fees? You’re not alone...but your company may surprise you.

Yesterday morning, administrators at more than 500 colleges reached for metaphorical Advil bottles when the Department of Education decreed special reports detailing tuition and student fee increases must be submitted to the government for review. Schools [...]

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Does your back ache from carrying heavy textbooks from class to class? Do you hate paying extra money for priority shipping to ensure you get your textbooks in time for the new semester? If you answered yes to either one of these questions, you may be interested to know many websites now offer textbooks digitally.

Sites like Chegg.com, Textbooks.com and Cengagebrain.com offer dozens [...]

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