Scholarship News

Draft of House Stimulus Package Revealed


January 16, 2009
by Scholarships.com Staff
While it's still a long way from becoming law, the first published draft of the economic stimulus legislation created by the House of Representatives includes billions of dollars for higher education, including several provisions designed to make paying for school easier.  The bill still has to be approved by both the House and the Senate (which is drafting its own stimulus legislation) then signed by the President, so it remains to be seen how many of the following appropriations will make it into the final version of the stimulus package.

While it's still a long way from becoming law, the first published draft of the economic stimulus legislation created by the House of Representatives includes billions of dollars for higher education, including several provisions designed to make paying for school easier.  The bill still has to be approved by both the House and the Senate (which is drafting its own stimulus legislation) then signed by the President, so it remains to be seen how many of the following appropriations will make it into the final version of the stimulus package.

ADVERTISEMENT

The stimulus bill would increase funding to several federal student financial aid programs, as well as providing emergency funds to states to prevent further drastic budget cuts, and designating money to help colleges, especially ones affected by disasters, make needed improvements and repairs.  If the bill is passed, federal work-study will receive a boost in funding, as will Pell Grants, eliminating a projected budget shortfall for the program.  Unsubsidized Stafford Loans will increase by $2,000 per year, bringing the loan limit to $7,500 or more for undergraduate students.  The maximum Pell Grant award will also increase to $5,350.  In addition, lender subsidies will also increase, hopefully enticing more banks to remain in the FFEL program.  The Hope tax credit and a provision that allowed families to deduct up to $4,000 in educational expenses will also be combined into a new $2,500 tax credit, through which families with too little income to file taxes could still receive $1,000.

As Congress hammers out the details of the stimulus bill in coming weeks, these numbers will likely change.  A more detailed breakdown of these and other proposals affecting colleges and universities is available from Inside Higher Ed.

Get instantly matched to scholarships that meet your skillset, strengths and unique talents. Our search algorithms match you to scholarships that fit your profile. Access a complete list of college scholarships now 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