College Avenue Student Loans Edvisors Private Student Loans

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.

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 is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

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


 
The college dining hall – a place for food, friends and well-earned breaks. It’s known for a wide array of food bars, buffets, made-to-order stations and generous ice cream offerings. But for the Fall 2020 semester, the dining experience will undergo a reinvention to serve food safely amidst the novel coronavirus. What will the dining halls of the COVID-19 era look like?

New Menus for College Dining in Fall 2020

June 30, 2020 10:56 AM
by Izzy Hall
The college dining hall – a place for food, friends and well-earned breaks. It’s known for a wide array of food bars, buffets, made-to-order stations and generous ice cream offerings. But for the
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the coronavirus pandemic, and higher education institutions are anticipating an increase in students' financial aid need, as well as a large number of college financial aid appeals. Fortunately, there are ample options and resources to help you pay for college these coming semesters. Explore the various options to find out which works best for your situation - from scholarship deadline extensions to relief provided through the CARES Act and more.

Paying for College during Coronavirus

June 26, 2020 3:48 PM
by Susan Dutca-Lovell
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the
On June 1st, Kansas State began bringing back student athletes to start football pre-season training with voluntary workouts. By June 20th, with 13 students testing positive for coronavirus, they shut their workout program down. What happened to the Kansas State athletes wasn’t unique – as schools, hoping to bring back the moneymaker that is college football, are discovering. And it provides an early look at what schools could be facing if they plan to re-open their campuses come the fall.

College Football Pre-Season Gets off on Wrong Foot

June 25, 2020 3:14 PM
by Izzy Hall
On June 1st, Kansas State began bringing back student athletes to start football pre-season training with voluntary workouts. By June 20th, with 13 students testing positive for coronavirus, they
Students want to go to campus this fall. Schools would like to have them there. But campus won’t be the same as it always has. In order to prevent the spread of coronavirus, colleges and universities are instituting new policies and discussing new living arrangements for their incoming students. Beyond social distancing, face masks and hand sanitizer, here are changes colleges are considering for students living on campus.

What Will Living on Campus Look Like This Fall?

June 16, 2020 10:51 AM
by Izzy Hall
Students want to go to campus this fall. Schools would like to have them there. But campus won’t be the same as it always has. In order to prevent the spread of coronavirus, colleges and universities
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school seniors from the Class of 2019 took out student loans, and it’s likely that percentage will only increase for the Class of 2020. If you’re looking for some help managing your student loans, here are a handful of free and low-cost online resources that can help.

Want Help with Student Debt? Try These Resources

June 12, 2020 9:54 AM
by Izzy Hall
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school
June is Gay Pride Month 2020, which marks the 50th anniversary of annual LGBTQ+ celebrations and traditions. In honor of LGBTQ Pride Month, Scholarships.com is featuring LGBTQ+ college scholarships for lesbian, bisexual, gay, transgender, and questioning students. There are also scholarships for college for those who identify as an LGBTQ+ ally! View even more financial aid for LGBTQ+ students and allies here.

Pride Month: LGBTQ and Ally Scholarships for 2020

June 11, 2020 4:20 PM
by Susan Dutca-Lovell
June is Gay Pride Month 2020, which marks the 50th anniversary of annual LGBTQ+ celebrations and traditions. In honor of LGBTQ Pride Month, Scholarships.com is featuring LGBTQ+ college scholarships