ERIC Number: EJ837761
Record Type: Journal
Publication Date: 2009-Mar-6
Reference Count: 0
The Billion-Dollar Question: Which Students Benefit?
Chronicle of Higher Education, v55 n26 pA22 Mar 2009
The new economic-stimulus law includes more than $29-billion in provisions directed at making college more affordable in the next two years. That includes $13.9-billion budgeted over 10 years for education-tax-credit changes in 2009 and 2010, $15-billion in additional Pell Grant support, and $200-million for the Federal Work-Study program. But what will all that money actually do for students? Virtually every student who already receives a Pell Grant will get a larger one this fall, and more students will be eligible for them. Additional money for the Federal Work-Study program will allow more students to participate, and may mean larger awards for some who already do. That means some students stand to have more of their college costs covered by Uncle Sam, as long as their tuition doesn't increase more than their aid does. Those whose full "need" (cost minus what the government calculates their family can afford to pay) is already met will now have it met differently.For students who can replace part of a loan with a grant, it represents a significant improvement. For others, the stimulus will not bring any changes. "The Chronicle" spoke with four students who qualify for need-based financial aid, and with financial-aid officials at their four institutions.
Descriptors: Work Study Programs, Student Financial Aid, Grants, Legislation, Access to Education, Program Effectiveness, Government School Relationship, Interviews, College Faculty
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
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