Good news for students, bad news for banks
March 27th, 2009One of the major obstacles for prospective students when it comes to going back to school is money. Fortunately, there’s a light at the end of the tunnel. President Barack Obama’s budget proposal is about cutting the money given to banks – and instead giving it to students.
President Barack Obama’s budget calls for increased federal aid to students. Not only would students who already qualify for federal aid potentially receive more funds, but more students would also become eligible! An estimated $5 billion dollars will be shifted from bank subsidizes to students in 2010-2011 alone, according to The Congressional Budget Office.
And, best of all, these changes don’t just apply to fresh high school graduates – adults without a bachelor’s degree are also eligible. This is about making college more affordable to everyone – and making America a stronger country.
This is great news for students who have been considering going back to school, but haven’t been sure where to find the money.
Get the education you’re looking for – and let the government help you find the money you need. You can learn more about the budget changes could affect your state at Campaign for America’s Future. http://www.ourfuture.org/report/2009031325/obama-s-budget-supporting-students-not-banks
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