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President Obama

President Obama’s Budget Plan Notices Pell, Student Loans, and Tax Credits

 

President Obama released his proposed $3.9 trillion budget for fiscal year 2015 on Tuesday. Although the budget plan serves chiefly to highlight the president’s priorities, the attention his plan gives to measures that will help improve college affordability should not be overlooked.  

For starters, the maximum Pell Grant would increase by $100, allowing students who demonstrate financial need to obtain up to $5,830. Additionally, the Washington Post  reports:

“Obama is seeking $7 billion over 10 years to reward colleges that enroll Pell Grant recipients and help them graduate on time. And the president wants $4 billion over 10 years for a fund to encourage states to fund colleges and universities based on outcomes such as on-time graduation rates.”

Michelle Obama Continues Push for Increased College Access

In November, we reported on First Lady Michelle Obama’s announcement that she will take on a policy-driven initiative to increase college going rates. While speaking at a White House college summit, Mrs. Obama said that she will spend the rest of President Obama’s term in office taking on a bigger role to achieve this mission. She plans to talk directly to young people, particularly low-income students and their families, about the importance of pursuing a college degree.

U.S. Dept. Of Ed College Ratings Hearing, George Mason

George Mason University recently hosted the U.S. Department of Education’s second of four college affordability forums to discuss the Obama administration’s proposed college ratings system. At the event, students expressed the same concerns to the department that thousands of current and prospective college students, like me, have across the nation: Students want more data to assess our financial future before enrolling in college and taking on massive amounts of student loan debt. To start, these data need to include information about the net price of college, the average incomes of graduates in different fields, and data on internship placement rates.

Federal Legislation Introduced to Stop Abuses of Veterans’ Education Tuition Dollars

While we celebrate service members’ valor today on Veterans’ Day, we must also ensure that the men and women who protect our nation are able to pursue a valuable degree and worthwhile education at home. Yet, many for-profit colleges have preyed on military personnel— to acquire access to their federal educational benefits — and are luring them into enrolling at colleges that may not offer them the best education.

Fortunately, some members of Congress are pushing legislation to curtail further abuses.

The Bright Spot in President Obama’s Plan on Student Debt and College Affordability

Reviews for President Obama’s agenda has been mixed, but we’ll take a look on the bright side: by creating a new rating system for colleges based on affordability and student performance, the President’s new plan intends to provide the financial help that many of our students deserve, while also providing the kick that many colleges may need to shape up.