“…largest investment in federal student aid ever.”
Posted on October 13, 2009 by Jennifer Brady
[I am pleased to share this guest post from my colleague, Kate Harrington, Associate Vice President, Academic Affairs, Student Affairs, and International Relations, University of Massachusetts President’s Offfice.]
The headline on this blog post is from a quote by Representative George Miller, Democrat of California and chairman of the House Education and Labor Committee as reported here by The New York Times. It is in a story about the $40 billion expansion in Federal aid to college students. It isn’t law yet… the bill has yet to pass the Senate, but most observers expect that will happen and may have by the time you read this.Here’s Representative Miller’s entire quote: “This legislation provides students and families with the single largest investment in federal student aid ever. Today the House made a clear choice to stop funneling vital taxpayer dollars through board rooms and start sending them directly to dorm rooms.”
The board room reference is basically related to changes in this bill that will see the Federal government become a direct lender rather than subsidizing private banks to perform the lending and backing them up in cases of loan default. What does it all mean in terms of actual numbers?
The maximum annual Pell Grant scholarship would increase to $5,550 in 2010 and to $6,900 by 2019 — from $5,350 now — under legislation passed today by the House of Representatives. The measure now moves on to the Senate, where it is also expected to win passage.
Permalink | Trackback |
Print This Post
- Higher Education’s Assessment Imperative
- Perception Versus Reality for Online Students
- UMassBoston Dean Dirk Messelaar Named Executive In Residence at UMassOnline
- Kansas High School Pioneers Online Option
- How Will Your Online Degree Advance Your Career?
Comments
Share your comment:
Review our comment policy
|
|
Explore UMassOnline
Millions of minds. Thousands of Possibilities. Endless Opportunity. Learn how global students are woven together by a common thread, a quality education. Click here to watch the UMassOnline One World Class video.
