News Articles About College In Congress

Student loan default rates increased in 2008, according to a preliminary report released by the Department of Education.  The numbers, which still aren't finalized, indicate an increase from 5.2 percent last year to 6.9 percent this year in the two-year default rate on federal student loans. The increase in default rates is likely due to continued economic difficulties facing new graduates.

Student Loan Default Rate Rose in 2008

March 27, 2009
by Scholarships.com Staff
Student loan default rates increased in 2008, according to a preliminary report released by the Department of Education.  The numbers, which still aren't finalized, indicate an increase from 5.2
A bill to expand AmeriCorps and create new community service opportunities has passed the House of Representatives.  The Generations Invigorating Volunteerism and Education, or GIVE, Act passed today with bipartisan support in the House, and a similar bill, named the Serve America Act, has also been approved by the Senate education committee.  It will move to the Senate floor early next week, where it is expected to be met with a similar level of enthusiasm.  National service has been a priority of the Obama administration, so expect to see opportunities for community service expand shortly.

House Passes National Service Bill

March 19, 2009
by Scholarships.com Staff
A bill to expand AmeriCorps and create new community service opportunities has passed the House of Representatives.  The Generations Invigorating Volunteerism and Education, or GIVE, Act passed today
The omnibus spending bill passed by the House of Representatives in February was approved by the Senate last night, and is expected to be signed by President Obama this week.  The bill includes more funding for Federal Pell Grants, fixing the maximum award at $5,350 for 2009-2010, a number that's already been widely publicized.

Senate Passes 2009 Appropriations Bill

March 11, 2009
by Scholarships.com Staff
The omnibus spending bill passed by the House of Representatives in February was approved by the Senate last night, and is expected to be signed by President Obama this week.  The bill includes more
With all the talk about spending and stimulus legislation and bailouts, it can be easy to lose track of what benefits taxpayers can actually expect to receive. Most likely, everyone knows that the American Recovery and Reinvestment Act, perhaps better known as “the stimulus,” will create jobs through funding “shovel-ready” projects and will put a little extra in paychecks through a tax rebate that will take effect this summer.  You probably also know that there’s also financial aid in there for education, but you may not be sure exactly what.

The State of Federal Student Financial Aid

March 3, 2009
by Scholarships.com Staff
With all the talk about spending and stimulus legislation and bailouts, it can be easy to lose track of what benefits taxpayers can actually expect to receive. Most likely, everyone knows that the
Details of President Obama's proposed 2010 budget are emerging, with education being one of the first sections unveiled.  In the budget proposal are increases and structural changes to Federal Pell Grants, changes to Federal Perkins Loans, and the potential elimination of the Federal Family Education Loan Program, so that all new Stafford Loans and PLUS Loans for 2010-2011 would be originated by the federal Direct Loans program.  The president's budget also recommends that the new $2500 American Opportunity Tax Credit be made permanent, and that $2.5 billion be devoted over the next five years to programs to increase college access and completion.

Yet Another Boost to Pell Grants in 2010 Budget Proposal

February 27, 2009
by Scholarships.com Staff
Details of President Obama's proposed 2010 budget are emerging, with education being one of the first sections unveiled.  In the budget proposal are increases and structural changes to Federal Pell
An omnibus appropriations bill for the current fiscal year passed the House yesterday and is on its way to the Senate.  This piece of legislation will raise the maximum award for Federal Pell Grants to $5350 for 2009-2010.  The bill was put on hold last year due to threats of a veto from President Bush.

House Approves 2009 Appropriations Bill

February 26, 2009
by Scholarships.com Staff
An omnibus appropriations bill for the current fiscal year passed the House yesterday and is on its way to the Senate.  This piece of legislation will raise the maximum award for Federal Pell Grants
In a speech delivered before a joint session of Congress, President Obama called for every American to complete at least one year of postsecondary education and pledged greater financial support for those attending college.  He also urged that America become the best educated nation and set the goal of having the highest proportion of college graduates in the world by 2020.

Obama Urges Americans to Attend College

February 25, 2009
by Scholarships.com Staff
In a speech delivered before a joint session of Congress, President Obama called for every American to complete at least one year of postsecondary education and pledged greater financial support for
In yet another sign that a college education is becoming a necessity, rather than a luxury, a recent study of the stimulus legislation reveals that many of the jobs the stimulus is expected to create will require some education or training beyond high school.  In fact, at least 54 percent of the estimated new positions will require at least a postsecondary certificate according to analysis by Georgetown University’s Center for Education and the Workforce.  Considering a major goal of the stimulus package was to create jobs for less-skilled workers who are usually hardest hit by economic downturns, this figure is especially telling.

Most Stimulus Jobs Require Postsecondary Education

February 24, 2009
by Scholarships.com Staff
In yet another sign that a college education is becoming a necessity, rather than a luxury, a recent study of the stimulus legislation reveals that many of the jobs the stimulus is expected to create
The House of Representatives just passed the compromise version of the economic stimulus package.  Now there are just two stop left for it before it becomes law: the Senate and President Obama's desk.  The Senate plans to vote later this evening, putting it on track to be signed on Monday.

House Passes Economic Stimulus Bill

February 13, 2009
by Scholarships.com Staff
The House of Representatives just passed the compromise version of the economic stimulus package.  Now there are just two stop left for it before it becomes law: the Senate and President Obama's
The Senate passed their version of the economic stimulus bill Tuesday, and by late afternoon yesterday it was announced that a compromise had been reached between the House and the Senate. The compromise bill includes less funding than either version--$789 billion as compared to $820 or $838 billion, and one of the areas that faced cuts was education.

House and Senate Reach Compromise on Stimulus

February 12, 2009
by Scholarships.com Staff
The Senate passed their version of the economic stimulus bill Tuesday, and by late afternoon yesterday it was announced that a compromise had been reached between the House and the Senate. The
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