Hey students have you thanks Bush for the extra bucks yet?
The question
President Bush on Thursday signed legislation designed to make college more affordable for students from poor and middle-class families, swallowing objections to a bill that loved veto-proof majorities in Congress.
The new law achieves a goal Bush shares with lawmakers: boosting aid for needy students. The action allows both the Bush handing out and Congress to say they have done something to ease the burden of paying for college, a well loved political priority.
“I have the honor of signing a bill that will help millions of low-income Americans earn a college-degree,” Bush said in a ceremony, with lawmakers and students by his side.
The legislation boosts the maximum Pell grant, which goes to the poorest college students, from $ 4,310 a year to $ 5,400 a year by 2012.
It also cuts in half the interest rates on federally backed student loans
Best answers:
After all the world owes them a living.
Related Links
- FAQ: Is consolidating federal college loans a good idea? Federal College Loans 2012
- As a teacher, can I qualify for BOTH Public Service and Teacher Loan Forgiveness Programs?
- FAQ: Can anyone offer advice and/or personal experiences regarding consolidating federal AND private student loans? Consolidate Federal And Private Student Loans Together 2012
- is my lender bank of america or great lakes? Great Lakes Bank Student Loans 2012
- FAQ: Is student loan money sent directly to the school, or to you? Do you need to apply each school year? Student Loans Sent Directly To You 2012
I reckon President Bush AND congress deserve some praise for this one.
Thanks Guys
Considering the rising costs of tuition it will still be less affordable so what is to thank?
The Rising Cost of College – Warning! Tuition on The Rise
May 29th, 2007 · 2 Comments
In 20 Years the Average Private School Tuition will be just under $ 75,000
The Average Public School Tuition will be just under $ 25,000
With ever increasing college tuition, students are facing staggering college costs … with no sign of slowing down in sight. Tuition continues to rise, and prospective pupils are looking for more and more ways to pay for college including student loans.
Prepare to pay $ 75k per year for Private Colleges in 20 years
Back in 1975 a student could get away with spending $ 433 a year for an average Public School, or $ 2,272 per year on average for a private school. Today one would expect to pay approximately 10 times those amounts. The 2005-2006 college year finished with an average Public School cost of $ 5,491 per year, and the average private school costing $ 21,235 yearly.
Average Colleges Costs – 1975 to Present Day
(Tuition from 1975 to 2006)
Over the past 10 years the average private school tuition has increased at a mean of 5.8% while the public colleges have increased more rapidly at a mean of 6.9%. Taking these averages and applying them to future years can give us a rough estimate of what a year of college may cost down the road.
Graphs showing estimated college tuition costs:
Estimated College Tuition in 2018
(Estimated Tuition through 2018)
Ten years from now in 2017-2018 with current tuition rate percentages (5.8%), the average cost of one year at a private college is estimated to be $ 41,771, while public schools will average tuition of $ 12,228 per year.
Estimated College Tuition in 2028
(Estimated Tuition through 2028)
Twenty years from now in 2027-2028 with current tuition rate percentages (6.9%), the average cost of one year at a private college is estimated to be $ 76,406, while public schools will average tuition of $ 23,832 per year.
Q: What can you do to combat raising tuition?A: Contact your state governor and simply prepare financially for the future. Reckon of college as an investment to landing a successful career, and apply for scholarships and grants to cover college costs and cut back on student loans.