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Scholarships for Moms: Why Obama Is Behind It

Scholarships for Moms: Why Obama Is Behind It
Author: Marlon Jackson
Article:
President Barack Obama has provided government funding for
mothers to go back to school. It will be an enriching experience
for the mothers to get involved in a professional environment
after dealing with their children most of the time, but there is
a more important reason – to fuel the workforce with valuable
employees. There are many jobs out there that need filled but
there is a lack of workers that have the necessary skills to do
these jobs.
A lot of these moms have likely thought about going back to
school and entering a career in a field they have always dreamed
about working in, but this is merely a dream to them. Well Obama
thinks it can become a reality if they are willing to do the
work necessary to receive their college degree. The funding is
awarded is a gift, not a loan, meaning that it does not have to
be paid back.
Interested moms need to first decide what their course of study
will be, and then pick the school where they will go. It is
important to make sure the right school has the program you are
interested in. Make sure to do thorough research so that you are
making the right choices as far as your education. Some colleges
let you do the studying at home, using an online degree program,
which is convenient for moms with busy schedules. They still
will have to set aside enough time to take the online classes
and study to ensure a successful experience.
It might seem too challenging to go back to school, but just
think about the rewards you will experience once the degree is
earned. You will be able to find a valuable career and earn more
income to support the family, and your children will be excited
about the achievement you have accomplished.
About the author:
So what’s holding you back? Take advantage of a $10,000
scholarship drawing. Registration is free if you visit <a
larshipsformomsfinder.info/</a>Scholarships for Moms: Why Obama Is Behind It
Author: Marlon Jackson
Article:
President Barack Obama has provided government funding for
mothers to go back to school. It will be an enriching experience
for the mothers to get involved in a professional environment
after dealing with their children most of the time, but there is
a more important reason – to fuel the workforce with valuable
employees. There are many jobs out there that need filled but
there is a lack of workers that have the necessary skills to do
these jobs.
A lot of these moms have likely thought about going back to
school and entering a career in a field they have always dreamed
about working in, but this is merely a dream to them. Well Obama
thinks it can become a reality if they are willing to do the
work necessary to receive their college degree. The funding is
awarded is a gift, not a loan, meaning that it does not have to
be paid back.
Interested moms need to first decide what their course of study
will be, and then pick the school where they will go. It is
important to make sure the right school has the program you are
interested in. Make sure to do thorough research so that you are
making the right choices as far as your education. Some colleges
let you do the studying at home, using an online degree program,
which is convenient for moms with busy schedules. They still
will have to set aside enough time to take the online classes
and study to ensure a successful experience.
It might seem too challenging to go back to school, but just
think about the rewards you will experience once the degree is
earned. You will be able to find a valuable career and earn more
income to support the family, and your children will be excited
about the achievement you have accomplished.
About the author:
So what’s holding you back? Take advantage of a $10,000
scholarship drawing. Registration is free if you visit <a
larshipsformomsfinder.info/</a>

By Marlon Jackson

the-college-prosPresident Barack Obama has provided government funding for mothers to go back to school. It will be an enriching experience for the mothers to get involved in a professional environment after dealing with their children most of the time, but there is a more important reason – to fuel the workforce with valuable employees. There are many jobs out there that need filled but there is a lack of workers that have the necessary skills to do these jobs.

A lot of these moms have likely thought about going back to school and entering a career in a field they have always dreamed about working in, but this is merely a dream to them. Well Obama thinks it can become a reality if they are willing to do the work necessary to receive their college degree. The funding is awarded is a gift, not a loan, meaning that it does not have to be paid back.

Interested moms need to first decide what their course of study will be, and then pick the school where they will go. It is important to make sure the right school has the program you are interested in. Make sure to do thorough research so that you are making the right choices as far as your education. Some colleges let you do the studying at home, using an online degree program, which is convenient for moms with busy schedules. They still will have to set aside enough time to take the online classes and study to ensure a successful experience.

It might seem too challenging to go back to school, but just think about the rewards you will experience once the degree is earned. You will be able to find a valuable career and earn more income to support the family, and your children will be excited about the achievement you have accomplished.

About the author:

So what’s holding you back? Take advantage of a $10,000 scholarship drawing. Registration is free if you visit <a href=”http://www.scholarshipsformomsfinder.info/”>http://

http://www.scholarshipsformomsfinder.info/</a&gt;

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Filed under: Admissions, Applications, Career Path, Career Search, College Financing, College Planning, Mothers, single mothers, single parent families, , , , , , , , , , , , ,

Obama’s Budget ‘Nationalizes’ College Loans

President Obama is promoting a college education as a way to lift the incomes of working the-college-pros5families. His recently announced budget plans would help needy families by further increasing the Pell Grant and linking its maximum value to inflation. The money to do this will come from slashing the $4 Billion in government subsidies and guarantees to private banks that make college loans. Ending the subsidies essentially puts all new student lending into the government’s hands – effectively ‘nationalizing’ the system.

The change threatens the business model of the private student lenders, since the subsidy supports their earnings on student loans that have relatively high levels of default. The share price of Sallie Mae, one of the largest private lenders, fell 31% on this news. Private lenders would continue to service and collect on existing loans.

Currently about 64% of all student loans are private loans, with the remaining 36% being direct government loans from the Department of Education. Although the President’s budget ideas are not yet enacted into law, it is clear the Administration is moving in this direction, which they say would save taxpayers more than $47 Billion over the next decade. Congress took a step in the same direction by passing the College Cost Reduction and Access Act of 2007, when it reduced the subsidy to the private lenders. The private sector has since had difficulty financing student loans during the credit crunch, requiring the government to step in as the ‘lender of last resort’. I have always recommended direct government loans over those from private lenders due to their lower fees and the relative ease of consolidating the loans after graduation. As long as higher education remains a social priority for the government, this is a positive change in my view.

—–UPDATE —–

 

President Obama’s 2010 budget proposes several key changes to federal student aid programs. In this edition of the SimpleTuition newsletter, we summarize and highlight the major points of this budget as they relate to student financial aid and higher education.
The proposed budget will be undergoing review and revisions until it takes effect in the 2010-11 school year. Until then, follow our E-newsletters for updates on the budget’s changes.  A very resourceful website to visit is , where you can search, compare and apply to both federaland private student loans.
 

 

Please note that this budget proposal is subject to review and revision and Bay Area College Planners will be following this process and reporting on updates.

 

Summary of Budget Proposal

Federal Family Education Loans

One of the most material changes to federal student aid programs is the proposed elimination of the Federal Family Education Loan program or FFEL by the start of the 2010-11 school year, which according to the budget proposal, “needlessly costs taxpayers billions of dollars”. All new federal loans will come through the Direct Loan Program according to the President’s budget, saving more than $4 Billion a year which will be reinvested as aid to students. The Direct Loan Program allows the Department of Education to act as a lender and provide funds for StaffordPLUS and GradPLUS Loans.

Contrary to many press reports, the President’s proposal does NOT eliminate private student loans (also known as “alternative loans”). Private loans are used to supplement federal student loans. This proposal removes private lenders from the marketing and administration of federal loans but does not eliminate private/alternative loans which are credit-based products not guaranteed by the government.

Federal Pell Grants

The Federal Pell Grant Program provides need-based grants to primarily low-income undergraduate and certain graduate students (those pursuing teaching certifications) to promote access to postsecondary education. President Obama’s budget proposes a $5,350 Pell Grant maximum award for 2009-10 and $5,500 for the 2010-2011 school years. This is up from $4,731 for 2008-2009.

Focus on College Completion

With the proposal of a new five-year, $2.5 billion Access and Completion Incentive Fund, the Administration aims to support innovative efforts by states to help low-income students succeed and complete their college education. Further, according to the proposal, “the program will include a rigorous evaluation component to ensure that we learn from what works.”

Federal Perkins Loans

The budget proposes to completely overhaul the Perkins program, which it describes as “inefficient and inequitable.” The new updated Perkins Loan program “makes campus-based, low-interest loans more widely available.” The fund that will support this program will be operated federally instead of the current campus-based current administration.

Filed under: AP Courses, College Financing, Consultants, Graduate School, Graduation, Major, Scholarship, Students, Tuition, Universities, , , , , , , , , , ,

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