Stimulus for Your Student Aid? | 01.21.09
There is a new economics stimulus Bill that has been introduced into the House of Representatives, that could potentially increase your student aid package that you receive from your school.
The stimulus bill, would be part of the “American Recovery and Reinvestment Bill of 2009″ which is being designed to hopefully save millions of jobs, jump start the economy, and (cross your fingers) give you more financial aid:)
Here are the details:
- Raise Pell grant maximum by $500 (from $4,850 to $5,350)
- Increase unsub max amounts by $2000
- provide $490 million dollars extra for work study for undergrad and graduate students
- Provide $50 million to help the Dep’t of Ed administer new and surging student aid programs through this ever changing educational environment
Sounds pretty good to me…except the Stafford loan sub and unsub limits still don’t come any where close to covering tuition at a private university. Thoughts on this new proposal?
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