政府将大幅增加大学奖学金数额

Government Increases College Grants

Gov_increases_grants

As part of the stimulus bill and 2010 budget, the government is increasing Pell Grant and Perkins Loan amounts to alleviate student aid in the midst of escalating college costs and a down economy.

Pell Grants will increase $500 in 2009 to $5,350 and $200 in 2010 to $5,550. Pell Grants are awarded to students seeking a bachelor’s degree. Most students demonstrate extreme financial hardship, with over half of the recipients’ families making less than $20,000 a year.

The number of Perkins Loans awarded will also be increased due to an additional $4 billion in funding included in the 2010 budget. Perkins Loans are low, fixed-interest (%5) student loans for undergraduate and graduate students with “exceptional” financial need. The loan doesn’t start gathering interest until after the student is out of school. As of the 2009-2010 school years, students are eligible for the following loan amounts:

• Undergraduates can receive up to $5,550 in loans each year up to a lifetime maximum of $27,500.

• Graduates can receive up to $8,000 in loans per year up to a lifetime maximum of $60,000.

Share the joy
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

发表回复