02.04.08
Pres. Bush’s FY09 budget makes some student loan changes
Here’s a brief outline of some changes in the proposed Fiscal Year ‘09 budget:
- Increase Pell Grant for 2009-2010 school year to $4,310
- Eliminate the Perkins Loan
- Limit public sector loan forgiveness to loans originated on or after July 1, 2009
- a 50-percent tax credit for the first $2,000 that moderate- and low-income parents invest per year in 529 tuition-savings accounts
- $70 million to train teachers to teach Advanced Placement and/or International Baccalaureate courses as well as expand lower-income students’ access to these courses
This is just a small selection of what the President proposed – now comes the political wrangling to determine what actually happens!
Pres. Bush’s FY09 budget makes some student loan changes | School Loans said,
February 4, 2008 at 2:43 pm
[...] post by moniqueleonard Share and Enjoy: These icons link to social bookmarking sites where readers can share and [...]
deepak student loans said,
August 2, 2008 at 3:57 am
Another advantage student loan has over other loans is that the rates and terms are much more lenient. First of all, the interest rates for student mortgages are variable, much lower than other loans and at this moment there is a cap on the maximum interest you will pay. Secondly, depending on the repayment plan you choose, you can also take as much as 30 years to pay back your loans. Additionally, if your financial situation takes a nose-dive, you may also be eligible to defer repayment on your student mortgages up to three years and depending on what you do after school, some of the loan may be forgiven.