Obama's Student Loan Proposal

Thursday Mar 19, 2009

The world of higher education responded with great satisfaction when funds were authorized and appropriated for major improvements in the Pell Grant program. Pell is of crucial importance for LOW income students and families.

But - so far - very little attention has been focused on the President's proposal to improve the Perkins Loan program, which is of MAJOR importance to universities like Golden Gate and to the students and families that we serve.

President Obama has proposed taking the current $1 billion federal funding level to $6 billion a year.

The impact (when added to the $2,500 tuition tax credit) would be the largest boost for MIDDLE income Americans in a long, long time. In the President's words, these tandem Federal enhancements would provide "an unprecedented chance for going to college ... at a time when going to college has never been more important."

Your GGU President is bullish on the Perkins Loan Obama proposal ¿ and you should be too!

Category: Higher Education

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