Image

4:22 AM / Friday July 1, 2022

14 Mar 2010

Obama’s stimulus bill includes huge student aid investments

  • Facebook
  • Twitter
March 14, 2010 Category: Color Of Money Posted by:

ARA

The Obama administration has set forth an extensive bill designed to get the economy out of the recession and moving again. This $70 billion bill has a large portion directed towards students and investing in their education.

 

House Appropriations Committee Chairman Rep. David Obey (D-Wisc.) said, “Our short-term task is to try to prevent the loss of millions of jobs and get our economy moving. The long-term task is to make the needed investments that restore the ability of average middle income families to increase their income and build a decent future for their children.” The financing for continuing education will help people get the skills and knowledge they need to get jobs in the future, thus boosting the economy.

 

According to the summary of the bill released by the House Appropriations Committee, the bill would provide the following additional funding for student aid.

  • Pell Grants: $15.6 billion to increase the maximum Pell Grant by $500, from $4,850 to $5,350 for the 2009-2010 academic year.
  • Federal Work-Study: $490 million to support undergraduate and graduate students who work.
  • Student Loan Limit Increase: Increased limits on unsubsidized Stafford loans by $2,000.
  • Student Aid Administration: $50 million to help the Department of Education administer surging student aid programs while navigating the changing student loan environment.
  • The bill also provides funding that will benefit higher education institutions, including:
  • $20 billion for school renovation and modernization, including technology upgrades and energy efficiency improvements: $14 billion for K-12 and $6 billion for higher education.
  • $1 billion for 21st century classrooms, including computer and science labs and teacher technology training.
  • $79 billion in state fiscal relief to prevent cutbacks to key services, including $39 billion to local school districts and public colleges and universities distributed through existing state and federal formulas, $15 billion to states as bonus grants as a reward for meeting key performance measures, and $25 billion to states for other high-priority needs such as public safety and other critical services, which may include education.

 

Image

“These kinds of incentives from the government don’t come along very often,” says Janet Hill, financial aid and education counselor at ClassesAndCareers.com, a free online education service. “If people have been thinking of going back to school, now would be the time to do it. If they are hurting financially, they can easily get the money they need to get a degree.” These benefits are set to expire after the 2010-2011 school year and are available for campus and online colleges.

 

Thanks to a growing number of online education options, degree-seekers can take advantage of President Obama’s stimulus bill without leaving their jobs. Sites like ClassesAndCareers.com have helped nearly 500,000 degree-seekers get their stimulus money and enroll in online universities.

 

“We help people learn how to take advantage of this bill,” says Hill. “All they have to do is visit our form and fill it out. We guide them through the rest.”

 

Anyone interested in going back to school can visit www.OnlineSchools247.com to see if they qualify. They simply fill out the form and an education advisor will help them get their share of the stimulus money and find the best degree program for them or directly call (888) 361-6349.

  • Facebook
  • Twitter

Leave a Comment

Recent News

Stateside

Testimony: Trump fought security official for control of the presidential SUV on Jan. 6, demanded to be taken the Capitol as the insurrection began

June 28, 2022

Tweet Share Pin Email WASHINGTON (AP) — Donald Trump rebuffed his own security’s warnings about armed protesters...

Commentary

Guest Commentary
Solutions, not excuses; People are dying every day

June 25, 2022

Tweet Share Pin Email Above photo: FRIENDS AND MEMBERS OF THE MOTHER BETHEL AFRICAN METHODIST EPISCOPAL CHURCH...

Education

Community College of Philadelphia to pay off $1.4 million in outstanding student account balances

June 17, 2022

Tweet Share Pin Email Community College of Philadelphia announced that it will pay off more than $1.4...

Color Of Money

Americans still have financial goals, just not sure how they will reach them

June 24, 2022

Tweet Share Pin Email BPT If you have a vision for where you’d like to be financially...

Politics

Takeaways: Trump’s mind ‘made up’ on fraud ahead of Jan. 6

June 17, 2022

Tweet Share Pin Email ABOVE PHOTO: A video exhibit plays as the House select committee investigating the...

Go With The-Flo

Sherri Shepherd’s talk show, “Sherri,” to air in place of former “The Wendy Williams Show”

June 17, 2022

Tweet Share Pin Email ABOVE PHOTO: Sherri Shepherd (Photo: s_bukley / Shutterstock) By Flo Anthony After 13...

The Philadelphia Sunday Sun Staff