>>> Education Making College More Affordable
“We will provide the support necessary for you to complete college and meet a new goal: by 2020, America will once again have the highest proportion of graduates in the world.”
dent loan debt. It pays for these invest- ments while reducing the federal deficit by ending
government college
-President Barack Obama, Feb. 24, 2009
The Health Care and Education Recon-
ciliation Act represents a historic invest- ment in higher education – expanding edu- cational opportunity for America’s students and families. The legislation strengthens the Pell Grant program, invests in commu- nity colleges, extends support for Histori- cally Black Colleges and Universities and other Minority Serving Institutions, and helps student borrowers manage their stu-
subsidies currently
given to financial institutions that make guaranteed federal student loans. Specific elements of the overall plan in-
clude: Larger Pell Grants: The Health Care and Education Reconciliation Act in- vests more than $40 billion in Pell Grants to ensure that all eligible students receive an award and that these awards are in- creased in future years to help keep pace with the rising cost of college. These in- vestments, coupled with the funding pro- vided in the Recovery Act and the Presi- dent’s first two budgets, will more than double the total amount of funding avail-
Low-Income Minority Students The Gates Millennium Scholarship Program (GMS) will select 1,000 talented students next year to receive a good-through-graduation schol- arship to use at any college or university of their choice.
Scholars will also be provided with personal and professional development through their leadership programs, along with academic sup- port throughout their college career. The program, funded by a grant from the Bill & Melinda Gates Foundation, was established to provide outstanding low income minority stu- dents with an opportunity to complete an under- graduate college education in any discipline area of interest. To date, the program has given schol- arships to more than 15,000 students. Continuing scholars may request funding for
a graduate degree program in one of the follow- ing discipline areas: education, engineering, library science, mathematics, public health or science.
The deadline for submitting an application is Wednesday, January 11, 2012. To apply, visit
www.blackstudents.com/billgates
Source:
BlackNews.com
Bill Gates Announces 2012 Scholarship Program For
able for Pell Grants since President Obama took office. The bill increases the Federal Pell Grant maximum award by the Con- sumer Price Index from 2013 through 2017, which is estimated to raise the award from $5,550 to $5,975, according to the non-partisan Congressional Budget Office. By the 2020-2021 academic school year, more than 820,000 additional Pell Grant awards are expected to be made as a result of to this new law. More Stable Funding for Pell
Grants: The budgeting process for Pell Grants often leads to funding shortfalls. The current shortfall is particularly severe because of the large number of students and workers qualifying for the award that have recently gone back to school. The Health Care and Education Reconciliation Act covers the expected funding shortfall and much of the recent growth in Pell costs, putting the program on more secure footing for years to come. Investments in Community Col-
leges: As the largest part of the nation’s higher education system, community col- leges enroll more than 6 million students and are growing rapidly. They feature af- fordable tuition, open admission policies, flexible course schedules, and convenient locations. Community colleges are particu- larly important for students who are older, working, or need remedial classes. Com- munity colleges work with businesses, in- dustry and government to tailor training programs to meet economic needs like nursing, health information technology, ad- vanced manufacturing, and green jobs. The Health Care and Education Reconciliation Act includes $2 billion over four years for community colleges. These resources will help community colleges and other institu- tions develop, improve, and provide educa- tion and career training programs suitable for workers who are eligible for trade ad- justment assistance. The initiative will be housed at the Department of Labor and implemented in close cooperation with the Department of Education.
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www.blackeoejournal.com The Black EOE Journal
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