Scholarship News

Coronavirus Stimulus Package: Higher Ed Edition


March 24, 2020 11:51 AM
by Susan Dutca-Lovell
Negotiations and proposals for an economic stimulus package are being mulled over by lawmakers, ones that will ultimately affect school and education funding. Currently, student-loan borrowers are able enter forbearance on their student loans for 60 days without accruing interest. The U.S. Department of Education will also suspend student loan payments by borrowers who are over 31 days delinquent. The White House has already announced that it will waive the interest on federal student loan payments. Here are some of the recent developments in proposed relief for students, colleges and universities as part of the COVID-19 stimulus plan:

Negotiations and proposals for an economic stimulus package are being mulled over by lawmakers, ones that will ultimately affect school and education funding. Currently, student-loan borrowers are able enter forbearance on their student loans for 60 days without accruing interest. The U.S. Department of Education will also suspend student loan payments by borrowers who are over 31 days delinquent. The White House has already announced that it will waive the interest on federal student loan payments. Here are some of the recent developments in proposed relief for students, colleges and universities as part of the COVID-19 stimulus plan:

  • Granting higher education institutions zero-interest loans so that they can remain solvent during this time and resume operations in the future
  • Paying up to $1,500 per student forced off-campus
  • Federal assistance for institutions who were forced to close their doors and move to online learning
  • Granting nearly $50 billion in federal assistance to help colleges and students stay afloat
  • Providing $7.8 billion in grants to help schools transition to online learning
  • Temporarily suspending eligibility requirements for the disbursement of Title IV college student aid
  • Emergency aid for students struggling to pay for food, housing, transportation, and childcare
  • Granting Title IV requirement flexibility for students who are suffering academically
  • Not allowing for the use of Pell Grants during semesters affected by the coronavirus to count toward students' lifetime limits

Experts who support the suspension of student-loan payments claim that it could be an effective and reasonable approach - that the pause "could allow borrowers to avail themselves of the existing income-driven repayment option." Meanwhile, some skeptics believe that by "simply canceling $10,000 in student-loan debt" it "would cost the government far more, and would wipe away loan debt that many borrowers would be perfectly capable of repaying after the crisis ends." In your opinion as a student, parent, or educator, what do you think lawmakers should do to bring the most relief and to better assist you, your family, or your students? Share your thoughts with us below.

Getting more college financial aid doesn’t have to be a relentless search. Scholarships.com is totally free. Connect with our massive database of millions of college scholarships at any time by searching for awards in a variety of ways. Scholarships.com offers the quickest and easiest way to search for, apply to, and win college scholarships. Start making your college education affordable or perhaps even free, 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


 

Susan K  on  4/26/2020 9:40:14 PM commented:

18-24 year olds should be included in stimulus checks even if they were counted as dependents on their parents income taxes. After the age of 18 parents are no longer responsible and these young people are essentially on their own and struggling.

Carlos P  on  4/11/2020 10:54:57 AM commented:

I would work towards giving instate tuition to all students at least for next year. Out of state costs are really game changers at this time.

Bean R  on  3/25/2020 12:14:31 PM commented:

I think the best approach to providing relief would be to give people that have over 100,000 debt relief on a large scale rather than give reliefto someone that is under 40,000. They have smaller monthly payments and can pay it back alot sooner than someone that has a higher debt

Time to break out the white pants, beach chairs and barbeque sauce! It’s Memorial Day weekend and we’re excited for the (unofficial) start of summer. But there’s still almost a week left of May, and plenty of scholarships to consider before we jump into June. So, enjoy your three-day weekend – and set aside some time to apply to these scholarships.

Wrap up May with these Memorial Day Scholarships

May 22, 2020 10:38 AM
by Izzy Hall
Time to break out the white pants, beach chairs and barbeque sauce! It’s Memorial Day weekend and we’re excited for the (unofficial) start of summer. But there’s still almost a week left of May, and
  As much uncertainty looms around the future of college openings and instruction, one thing is certain: The college landscape won't quickly and easily return to what it was pre-COVID-19...at least for a while. Here's a glimpse as to what college may look like in the near future and what students are hoping to experience in their upcoming semesters.

What Will College Look Like Come Fall Semester 2020?

May 21, 2020 3:18 PM
by Susan Dutca-Lovell
As much uncertainty looms around the future of college openings and instruction, one thing is certain: The college landscape won't quickly and easily return to what it was pre-COVID-19...at least
Do you like Scholarships.com? Of course! Between our huge database of scholarships, college search tools, and student resources, what’s not to like? Just as much as you appreciate Scholarships.com, we appreciate you – and we’re bringing back the “Tell A Friend” scholarship sweepstakes just for you!

The “Tell A Friend” Scholarship Sweepstakes is Back!

May 15, 2020 8:55 AM
by Izzy Hall
Do you like Scholarships.com? Of course! Between our huge database of scholarships, college search tools, and student resources, what’s not to like? Just as much as you appreciate Scholarships.com,
Some 3.4 million students have registered to take the AP Exams this year, which began on Monday, but they’re not taking the typical pencil-and-Scantron tests. Instead, students this year will be taking an abridged version of the AP Exams online. The traditional marathon-like tests have become free response exams that will last for just 45 minutes. This change, among many others, has garnered lukewarm reception even before testing began. Will these altered AP Exams carry the same weight as normal tests? And how will students perform on them, given all that has happened since the last time their AP courses convened in the classroom?

Online AP Testing Starts This Week

May 12, 2020 9:45 AM
by Izzy Hall
Some 3.4 million students have registered to take the AP Exams this year, which began on Monday, but they’re not taking the typical pencil-and-Scantron tests. Instead, students this year will be
Graduation is right around the corner for the class of 2020, and given the copious amount of event cancellations, many students won't have the traditional ceremonial experiences they've been looking forward to the past four years. Times may be changing, but the graduation festivities can still go on in extraordinary ways - don't forget you can always plan for an official, in-person party at a later time, when things calm down. For now, here are unique ideas for throwing your upcoming quarantine 2020 graduation party.

Quarantine Graduation Party Ideas 2020

May 8, 2020 1:27 PM
by Susan Dutca-Lovell
Graduation is right around the corner for the class of 2020, and given the copious amount of event cancellations, many students won't have the traditional ceremonial experiences they've been looking
One of the biggest milestones that students look forward to throughout their educational career is the high school or college commencement. Donned in their cap and gown, students have proudly walked across a stage in front of their peers, educators and families, to receive their diploma or degree in-hand, perhaps followed up by a hug or handshake from their educators, as a sign of congratulations and respect for all of their hard work over the course of many years.

Graduation Ceremonies 2020: Quarantine-Style

May 7, 2020 11:33 AM
by Susan Dutca-Lovell
One of the biggest milestones that students look forward to throughout their educational career is the high school or college commencement. Donned in their cap and gown, students have proudly walked
Goodbye April showers, hello May flowers! Get into the seasonal spirit with these scholarships that have extended deadlines into May and early June. Now’s your (second) chance to apply for these scholarships and earn awards for higher education.

Leap into May with these Extended Deadline Scholarships

May 1, 2020 10:17 AM
by Izzy Hall
Goodbye April showers, hello May flowers! Get into the seasonal spirit with these scholarships that have extended deadlines into May and early June. Now’s your (second) chance to apply for these