Scholarship News

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 funding for Federal Pell Grants, fixing the maximum award at $5,350 for 2009-2010, a number that's already been widely publicized.

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.

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Other student financial aid programs also receive a funding boost for the current fiscal year, including the Federal Perkins Loan cancellation program and several federal scholarship and fellowship programs.  These increases aren't necessarily tied to larger award amounts, however.  Federal Work-Study, which received a boost in the stimulus bill, will see the increase put into effect in the 2009-2010 fiscal year under the omnibus legislation.

Funding was held steady for SEOG, another federal grant program, as well as new Federal Perkins Loans.  ACG and SMART grants actually saw a decrease in funding--now these programs have funding equal to the amounts they award, but no longer have large, unawarded funding surpluses.  The surplus money from these programs has been redirected towards Pell Grants.

The passage of this bill, which should represent pretty much the final word on education spending for the current fiscal year, comes just in time for colleges to begin sending out financial aid award notices to students who have completed the FAFSA.  If you still have your fingers crossed for a magic bullet for college costs, it's still not too late to kick your scholarship search into high gear and begin looking at ways to pay for school beyond federal aid.

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.

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