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New Benefit of Stimulus Package: Free College for Needy Students

Low income students who play their cards right may end up with a free college education.

The new stimulus package signed into law by President Obama on Tuesday includes a provision that boosts the Pell Grant maximum to limits that cover, or nearly cover, the tuition and fees charged by a number of public colleges.

Based upon figures provided by the College Board, the average tuition and fees at a 4-year public college for 2008-09 were $6,585 per year, with most schools falling between $3,000 and $6,000 a year.

The Pell Grant, which provides federal funding to students from families making less than $30,000 a year, has been raised to a maximum of $5,350 per year with the passing of this stimulus bill.

Needy students who attend junior colleges, inexpensive public colleges or low-cost online schools may graduate with little or no tuition debt.

Of course, the Pell Grant is just one part of a financial aid package. Most eligible students will also receive federal student loans and work study to allay the cost of books, transportation and housing. Online students may save gas and housing costs by living at home while they pursue their online degrees. Or they may be able to work a full-time job and study when it is convenient.

Low-income students who are interested in applying for a Pell Grant should file an online FAFSA (Free Application for Federal Student Aid) and fill out the information accurately and completely. Based upon the information provided, eligibility for the Pell Grant and other financial aid will be determined.

And some students will save enough money on their college education to savor a free ride — compliments of Uncle Sam.

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Posted by vida

3 Responses to “New Benefit of Stimulus Package: Free College for Needy Students”

  1. Dawud Adib Says:

    I am interested in enrolling on-line at a Bible college in the State of Georgia. It is a Bachelors degree program can you please advise me?

  2. vida Says:

    You may wish to begin by checking out our accredited bible colleges [http://www.directoryofschools.com/Christian-Colleges.htm]. Distance learning allows you the flexibility of choosing an online degree program that is not based in a specific state. Since application, enrollment and learning take place online, you can explore other options.

    Just make sure that the bible college you choose is approved by the U.S. Department of Education. Just go to their website and check their listings of accredited U.S. colleges and universities. Unfortunately, many bible colleges are not accredited by any reputable accrediting agency; so do your research carefully.

  3. Pattye Says:

    I am a single mother of three who have been pursuing her degree in school psychology since 2005.. I now have my master in school psychology and is enrolled for my specialization in this field..A requirement of this program and many other is that we need to do 350 hours of practicum followed by 1200 hours of internship,which is not paid and in order to do this I had to quit my job. Is there any stimulus money for students like me who now have no income coming in and have no other choice but to do my practicum and internship during the day while still going to school? In addition,is there any unemployment benefits that we would be able to receive at this time??

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