Scholarship News

Both House and Senate Include Higher Ed in Stimulus Bills


January 27, 2009
by Scholarships.com Staff
It's looking like federal student financial aid will be increased in the forthcoming economic stimulus package, at least based on the legislation presented in each house of Congress in its current form.  While the House stimulus bill contains more aid for education, the Senate bill also proposes higher education tax benefits and increases in Federal Pell Grant funding.

It's looking like federal student financial aid will be increased in the forthcoming economic stimulus package, at least based on the legislation presented in each house of Congress in its current form.  While the House stimulus bill contains more aid for education, the Senate bill also proposes higher education tax benefits and increases in Federal Pell Grant funding.

ADVERTISEMENT

The House bill promises:

  • $15.6 billion to increase the Pell Grant by $500 to $5,350 and fully fund the increase
  • $490 million to Federal Work-Study
  • $12.5 billion over the course of 10 years to offer a $2,500 tax credit that will be 40% refundable for those who would otherwise make too little to qualify
  • $6 billion to higher education infrastructure
  • $1.5 billion to improve energy efficiency for colleges, schools, and local governments
  • $39 billion to school districts and state colleges
  • $25 billion to states for "high priority needs" which can include education
  • a $2,000 increase in loan limits on federal Stafford Loans

The Senate bill appropriates:

  • $13.9 billion to increase the Pell Grant by $281 in 2009-2010 and $400 in 2010-2011 and fully fund the increase
  • $12.9 billion to create a 30% refundable $2,500 tax credit
  • $61 million to Perkins Loans
  • $3.5 billion to improve energy efficiency and infrastructure on college campuses
  • $39 billion to school districts and public colleges
  • $25 billion to states for "high priority" needs which may include education

The House bill also includes money to improve financial aid administration and further assist student loan lenders, while the Senate bill will allow computers to be counted as education expenses towards which 529 plans can be used.  The bills are facing some Republican opposition, especially regarding education spending, as it's been argued that construction projects and increases to student financial aid will not directly and immediately benefit the economy.  As Congress and the White House continue to hash out the details of these bills, amounts are likely to change.  But for now, it appears that colleges and college students may receive a little extra financial aid from the government this year.

College is expensive. Scholarships.com has done the work for you. Pay for your college education with free college scholarship money. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

ADVERTISEMENT

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
ADVERTISEMENT
ADVERTISEMENT
It’s nearly mid-January already and by now you all should have completed the FAFSA and, if you are on top of things, be applying to scholarships on a daily or at least semi-weekly basis. Even if you haven’t started the scholarship application process yet, you still have a ton of opportunities ahead of you. We are in the heart of scholarship season, with the most scholarships coming online in January of any month in 2023. Below, we put together a list of five great examples of very significant scholarships ranging from ten grand all the way up to $40,000.

Top 5 Scholarships Worth $10K to $40K in January

January 12, 2023
by Kevin Ladd
It’s nearly mid-January already and by now you all should have completed the FAFSA and, if you are on top of things, be applying to scholarships on a daily or at least semi-weekly basis. Even if you
In just a few days, 2022 will be behind us and a new year begins. Will this be your year? One very productive way to spend the next several days of winter break would be to get a jump on upcoming scholarships and January 2023 has a LOT from which you may choose.

New Year, New Scholarships; January 2023 Edition

December 28, 2022
by Kevin Ladd
In just a few days, 2022 will be behind us and a new year begins. Will this be your year? One very productive way to spend the next several days of winter break would be to get a jump on upcoming
It is officially late-December; the end of the year, the conclusion of semester one and quarter two. Hanukkah is halfway over already with Christmas and New Year’s merely days away. Students and teachers are either on break or about to be and before you know it, we’ll be kicking off 2023!

Last Chance for These 2022 Scholarship Deadlines

December 21, 2022
by Kevin Ladd
It is officially late-December; the end of the year, the conclusion of semester one and quarter two. Hanukkah is halfway over already with Christmas and New Year’s merely days away. Students and
As the cost of college continues to rise every year, more and more students are looking for scholarships to bridge the gap. And as many of you may already be aware, applying for a scholarship can take a fair amount of time and effort on your part.

Amazon Future Engineer Scholarship

December 14, 2022
by Zina Kumok
As the cost of college continues to rise every year, more and more students are looking for scholarships to bridge the gap. And as many of you may already be aware, applying for a scholarship can
So many scholarships become available in December as the college application season winds down and students look for additional ways to finance their education. As the semester comes to an end and we look forward to winter break, there are going to be so many opportunities to help you take out the absolute minimum in student loans and find scholarships that not only help you pay for school, but also stand out as major accomplishments and indicators to colleges, grad schools and future employers. Applying for and winning scholarships tells all of the aforementioned that you are someone who is ambitious and proactive and always striving to better your situation.

Top 5 December Scholarships & More

December 7, 2022
by Kevin Ladd
So many scholarships become available in December as the college application season winds down and students look for additional ways to finance their education. As the semester comes to an end and we
Metallica, an extremely popular heavy metal band from the 80’s is recently enjoying new-found popularity and relevance with a new generation, thanks to the popular television show “Stranger Things”. Not only did they create the incredibly popular song “Enter Sandman” and “One”, they have also founded the Metallica Scholars Initiative. $100,000 in scholarships will be available for students studying in career programs through Metallica’s All Within My Hands Foundation (AWMH).

Metallica Foundation Offers Trades-Based Scholarships

November 30, 2022
by Kevin Ladd
Metallica, an extremely popular heavy metal band from the 80’s is recently enjoying new-found popularity and relevance with a new generation, thanks to the popular television show “Stranger Things”.
When it comes to financial aid, there are two types that tend to be seen as the most desirable: scholarships and grants. But while most people are familiar with scholarships, grants are less well understood.

Grants: the Other Way to Get Free College Money

November 22, 2022
by Zina Kumok
When it comes to financial aid, there are two types that tend to be seen as the most desirable: scholarships and grants. But while most people are familiar with scholarships, grants are less well
With the fall semester almost ending, it’s a good time to apply for scholarships. Students can utilize their Thanksgiving break to apply for the scholarships listed below. Want more opportunities? They can also find a full list of November scholarships here.

Top 5 November Scholarships

November 15, 2022
by Zina Kumok
With the fall semester almost ending, it’s a good time to apply for scholarships. Students can utilize their Thanksgiving break to apply for the scholarships listed below. Want more opportunities?