Friday, April 2, 2010

A mind is a terrible thing to waste....

If you are a student, soon to be a student or know a student, you should probably read this article.

As mentioned before with the signing of the ACA (Affordable Care Act) and the reconciliation piece that followed, a major overhaul of the student financial aid system was also passed in to law.

There is some interesting and much needed changes in there. Here are some of the high points:

What's In
The compromise version of the
student loan legislation contains:

  • $36 billion for Pell Grants
  • $2.55 billion for historically black and other minority serving colleges
  • $2 billion for a grant program for community colleges and career training programs
  • $1.5 billion to expand income-based repayment options for student loan borrowers
  • $750 million for College Access Challenge Grants
  • $50 million to help colleges make transition to direct loan program
The whole piece bares reading, there might be some nuggets in there to help make you college journey a bit less expensive. So the short form is there is less money going to bank overhead an more money flowing directly to students.

Also I would like to wish Ed Whalen a blog-belated Happy Birthday. May his loins be girded, and may he be hail and hearty for years to come.

As well as preemptive congratulations to Scot Camp.....err...Doctor Scot Campbell on successful completion of his doctoral defense and dissertation deposit. Good job sir!

--edit: Oh What the hell...in honor of Ed and Single T a little youtube aeronautics for yo' ass!




-Cheers

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