Increased Support for Minority
Serving Institutions (MSIs): While many of today’s colleges and universities are facing a host of challenges -- shrinking endowments, decreasing state appropria- tions, deteriorating facilities and increasing costs -- America’s Historically Black Col- leges and Universities (HBCUs) and Mi- nority Serving-Institutions (MSIs) are par- ticularly hard hit. They account for nearly one-third of all degree-granting institutions and enroll nearly sixty percent of the 4.7 million minority undergraduates in our na- tion today. They do more with less and en- roll higher proportions of low- and middle- income students. That’s why the Health Care and Education Reconciliation Act provides $2.55 billion in mandatory fund- ing for these institutions – dollars that can be used to renew, reform, and expand pro- gramming to ensure that students at these colleges and universities are given every chance to rise to their full potential.
Expanded Income Based Re-
payment (IBR): About two-thirds of graduates take out loans with an average student debt of over $23,000. This debt is particularly burdensome for graduates who choose to enter lower-paying public ser- vice careers, suffer setbacks such as unem- ployment or serious illness, or fail to com- plete their degree. To ensure that Americans can afford their student loan payments, the Health Care and Education Reconciliation Act expands the
existing income-based
student loan repayment program. New bor- rowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discre- tionary income and, if they keep up with their payments over time, will have the bal- ance forgiven after 20 years. Public service workers – such as teachers, nurses, and those in military service – will see any re- maining debt forgiven after just 10 years. More than 1.2 million new borrowers are projected to qualify and take part in the ex- panded IBR program.
GREAT TEACHERS Impacting achievement. Influencing lives. Inspiring leaders.
The Wake County Public School System is committed to retaining and recruiting highly- effective teachers and education professionals.
What We Offer • High-performing, award winning school district
• Salary supplement advancement for eligible candidates
• Supportive business partners offering incentives and discounts for WCPSS employees
• Strong Mentor Program for all Beginning Teachers
• One of the highest paying public school districts in NC • Traditional, Modified, Year-Round, Magnet, and Montessori calendar options
To access our employment application and to explore employment opportunities, please visit our website,
www.wcpss.net.
www.wcpss.net Follow us on twitter,
www.twitter.com/recruitwcpss
HUMAN RESOURCES Retention and Recruitment Phone: (919) 854-1690 Fax: (919) 854-1718
Student Loans that Put Stu- dents First: The education related initia- tives funded by the Health Care and Educa- tion Reconciliation Act are fully paid for by ending the government subsidies cur- rently given to financial institutions that make guaranteed federal student loans. Starting July 1, all new federal student loans will be direct loans, delivered and collected by private companies under per- formance-based contracts with the Depart- ment of Education. According to the non- partisan Congressional Budget Office, ending these wasteful subsidies will free up nearly $68 billion for college affordabil- ity and deficit reduction over the next 11 years.
These investments complement Presi- dent Obama’s broader agenda for higher education and will help us reach his goal of America having the highest proportion of college graduates in the world by 2020.
Source:
whitehouse.gov
PENN STATE | ONLINE
Be Penn State Proud with an online psychology degree
Choose the degree that fits your career goals: Bachelor of Arts in Psychology Bachelor of Science in Psychology
www.worldcampus.psu.edu/psych The Black EOE Journal
www.blackeoejournal.com 63
12-0083/12-WC-0057 hjs/jms/sss
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