January 27, 2009

Stimulus Package in House or Representatives

Posted in Grants, Legislation Affecting Students, Saving for College, Student Loan News, The Financial Aid Process tagged , , , , , , , at 1:46 PM by Joe From Boston


The version of the stimulus package currently before the House of Representatives has the following higher-ed related provisions:

  • Increase the Pell Grant  by $500 from $4,850 to $5,350;
  • Increase work study funding by $490 million;
  • Increase student loan limits on unsubsidized Stafford Loan by $2,000;
  • Provide $50 million to the Department of Education to help them administer student aid and loan programs.
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