New Federal Budget Could Mean Trouble for College Loans and Grants
When President Obama sends his proposed budget to the Congress on Monday, there could be changes included for Pell Grants and Perkins Loans.
According to cnn.com, the administration is looking to save $100 billion over ten years by making a couple of changes. These changes would first allow only one Pell Grant per year instead of the two now available (one for the regular school year and another for the summer session) and also stopping the subsidy on loan interest for graduate students. Implementing these changes would allow the maximum Pell Grant to be held at the current $5,500.
The Boston Globe reported there is concern over the Perkins Loan program which is set to expire in 2014. Without the program, hundreds of thousands of students would be forced to find alternative funding, which would probably mean higher cost private loans. Hopefully there will be good news about the program when the President's budget hits the hill.
Upcoming Scholarship Deadlines
Buick Achievers Scholarship Application deadline: March 31, 2011. However, students getting their applications in by 11:59 p.m. CT, February 25, 2011 may receive early consideration for five of the Buick Achievers National Scholarships.
Technorati Tags: College Scholarships Financial AidPaying for College Pell Grant Perkins Loan Buick Achievers Scholarship
When President Obama sends his proposed budget to the Congress on Monday, there could be changes included for Pell Grants and Perkins Loans.
According to cnn.com, the administration is looking to save $100 billion over ten years by making a couple of changes. These changes would first allow only one Pell Grant per year instead of the two now available (one for the regular school year and another for the summer session) and also stopping the subsidy on loan interest for graduate students. Implementing these changes would allow the maximum Pell Grant to be held at the current $5,500.
The Boston Globe reported there is concern over the Perkins Loan program which is set to expire in 2014. Without the program, hundreds of thousands of students would be forced to find alternative funding, which would probably mean higher cost private loans. Hopefully there will be good news about the program when the President's budget hits the hill.
Upcoming Scholarship Deadlines
Buick Achievers Scholarship Application deadline: March 31, 2011. However, students getting their applications in by 11:59 p.m. CT, February 25, 2011 may receive early consideration for five of the Buick Achievers National Scholarships.
Technorati Tags: College Scholarships Financial AidPaying for College Pell Grant Perkins Loan Buick Achievers Scholarship
Labels: buick achievers scholarship, financial aid, paying for college, pell grants, perkins loans, student grants, student loans
posted by Ken MacKenzie at
4:50 PM
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