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Senate Passes 2009 Appropriations Bill


Mar 11, 2009

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.

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 [...]

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According to US Department of Education data, over the last year colleges and universities have continued to leave the Federal Family Education Loan Program in droves, switching to the federally run Direct Loans Program.  Between February 2008 and February 2009, the number of schools issuing federal Direct Loans increased from 1,072 to 1,620, an increase of nearly 34 percent.

Direct [...]

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As college affordability continues to be a major issue for many Americans, more states and colleges are implementing policies to save students money.  Three recently unveiled programs tackle different aspects of the college cost dilemma confronting different groups of students, parents, and graduates.

A partnership between the University System of New Hampshire and businesses in the [...]

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With all the talk about spending and stimulus legislation and bailouts, it can be easy to lose track of what benefits taxpayers can actually expect to receive. Most likely, everyone knows that the American Recovery and Reinvestment Act, perhaps better known as “the stimulus,” will create jobs through funding “shovel-ready” projects and will put a little extra in paychecks through a tax rebate [...]

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Details of President Obama's proposed 2010 budget are emerging, with education being one of the first sections unveiled.  In the budget proposal are increases and structural changes to Federal Pell Grants, changes to Federal Perkins Loans, and the potential elimination of the Federal Family Education Loan Program, so that all new Stafford Loans and PLUS Loans for 2010-2011 would be originated [...]

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An omnibus appropriations bill for the current fiscal year passed the House yesterday and is on its way to the Senate.  This piece of legislation will raise the maximum award for Federal Pell Grants to $5350 for 2009-2010.  The bill was put on hold last year due to threats of a veto from President Bush.

While Pell Grants received a funding boost, SEOG grants will remain at 2008 funding [...]

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Yesterday Kim Stezala, better known as The Scholarship Lady, interviewed our own Kevin Ladd on BlogTalkRadio.com.  The topic of the interview was our upcoming 2009 Resolve to Evolve Scholarship competition, which we'll be announcing soon on our site.  Resolve to Evolve is one of the fourteen college scholarships we offer at Scholarships.com.  This year, Resove to Evolve awards will make up [...]

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The House of Representatives just passed the compromise version of the economic stimulus package.  Now there are just two stop left for it before it becomes law: the Senate and President Obama's desk.  The Senate plans to vote later this evening, putting it on track to be signed on Monday.

As the dust settles, more detailed accounts of what's actually in the bill are emerging.  While [...]

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The Senate passed their version of the economic stimulus bill Tuesday, and by late afternoon yesterday it was announced that a compromise had been reached between the House and the Senate. The compromise bill includes less funding than either version--$789 billion as compared to $820 or $838 billion, and one of the areas that faced cuts was education.

While the final draft of the [...]

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As we mentioned last month, financial aid application deadlines are fast approaching for the coming fall.  While students technically have until June 30, 2010 to complete a FAFSA on the Web for the 2009-2010 school year, state aid deadlines happen much sooner with some occurring as early as February--this February.  So if you're waiting to do your taxes first or just generally procrastinating [...]

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The student loan rescue plan that will allow the Department of Education to buy up student loans issued since 2003 will begin operating in February.  The plan will set up a bank to act as a "conduit" for purchasing older student loan assets and will also allow the Treasury to become the buyer of last resort for assets the conduit bank is unable to refinance.  The Treasury will buy up student [...]

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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 [...]

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The University of California system's board of regents is considering a proposal to extend financial aid covering full tuition to families earning under $60,000 per year.  The change, suggested by University of California President Mark Yudof, is still under review and will likely be voted on next month.

The concerns that motivate this move are becoming more pressing and are [...]

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If you're wondering what to expect in college or how you measure up against the students already there, an annual survey of college freshmen may help answer your questions.  The Cooperative Institutional Research Program, conducted by the Higher Education Research Institute and UCLA, annually surveys college freshmen, asking a broad spectrum of questions ranging from their reasons for their [...]

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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 [...]

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While many stories right now are focusing on financial aid programs finding themselves strapped for cash to award an increased of needy applicants, this is not universally the case. Data published by The Chronicle of Higher Education shows that two federal grant programs that were added in 2006 still have more awards than applicants.  The Academic Competitiveness Grant (ACG) and Science and [...]

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During his confirmation hearing Tuesday, Arne Duncan, Obama's appointee for Education Secretary, disclosed broad ideas but few specific plans for education in America.  Much of the hearing before the U.S. Senate focused on elementary and secondary education, though questions related to paying for college did surface.  Duncan's primary focuses appear to be on college access and college [...]

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The Illinois State University Center for the Study of Education Policy released its annual report on state tax support for higher education today.  According to the Grapevine report, the best case scenario is that for fiscal year 2008-2009 (July 1, 2008-June 30, 2009), state higher education spending grew by an average of 0.9 percent across the country.  The report acknowledges this figure is [...]

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Barack Obama became known for his web presence during his Presidential campaign.  He and his transition team have kept up this reputation through YouTube addresses and websites such as Change.gov, the official transitional website.  Now the Obama transition team is asking for public comments--or at least blog comments--on issues related to paying for school.  A post on the [...]

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Full-tuition scholarships, half-tuition scholarships, and financial aid packages free of student loans continue to be unveiled at institutions across the country.  While it may be too late for many students to alter their college application plans, if you are still looking for colleges for 2009, or if you happen to have applied to one of these schools, you may find the following information [...]

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