College Avenue Student Loans Edvisors Private Student Loans

Scholarship News

Student Loan Bill May Become Part of Health Care Package


March 12, 2010
by Scholarships.com Staff
To compensate for stalled negotiations on both health care legislation and a bill that would overhaul the country's student loan program and improve college students' access to federal aid, Democratic leaders proposed a solution yesterday that would move both of those hot-button issues forward—combine them, and pass them as one.

To compensate for stalled negotiations on both health care legislation and a bill that would overhaul the country's student loan program and improve college students' access to federal aid, Democratic leaders proposed a solution yesterday that would move both of those hot-button issues forward—combine them, and pass them as one.

Both the comprehensive health care bill, which would guarantee health insurance to 30 million uninsured Americans, and the student loan bill, which would replace private lending with direct lending through the government and increase Pell Grant maximums, have faced opposition as Democrats work to pass both through Congress before the November mid-term elections. To kill two birds with one stone, Democratic legislators proposed bundling the two bills into one last night, not only to give the proposals a better chance at passage, but to keep them alive long enough for a vote by the full Senate and House.

An article in the New York Times yesterday describes the strong support a dual measure already has among the Democrats, suggesting that adding the student loan bill to the more expansive health care legislation would improve the health care bill's chances at passage. (Providing college students with more access to federal aid is undoubtedly more popular and less controversial than crafting a reasonable health care bill.)

The student loan bill had already passed in the House. Recent predictions have the government saving about $67 billion by going to direct lending; that new funding would go toward Pell Grants and other education programs. (A rise in the number of people attending college and seeking aid in the weak economy has raised the projected cost of new Pell Grants to $54 billion from $40 billion, according to the New York Times.) The student loan bill has been a consistent goal of President Obama's, as lenders have come under fire for a lack of oversight,  rising student loan default rates, and contributing to excessive debt among college students. Effectively, the bill would put an end to direct-to-student private loans, which students can borrow without even informing the financial aid office, and which can be taken out for more than the student’s cost of attendance for the academic year.

The private student loan industry has obviously not been very supportive of the bill, and Republicans have questioned whether giving the government control over the student loan industry is really a wise choice.

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
Last week the College Board officially announced that it would be suspending its plans to offer an online SAT for high school students over the summer. Earlier this year, as the organization was cancelling testing dates due to the coronavirus pandemic, they had hoped to provide an at-home version of the test. But the technological requirements needed to ensure fair testing across the country cannot be guaranteed, and the struggle many students faced submitting their AP Exams – which acted as a test run for the virtual SAT – likely contributed to the College Board’s change of plans.

College Board Delays Online SAT

June 9, 2020 10:48 AM
by Izzy Hall
Last week the College Board officially announced that it would be suspending its plans to offer an online SAT for high school students over the summer. Earlier this year, as the organization was