To fund planning to use a federal Perkins loan for my studies? Perhaps you have not heard. The new White House budget proposal lists the program as a sacrifice for the financial year 2009. Several educational programs may suffer.
Why Kill The Perkins Loan Program?
The idea is not really money out of education. In fact, the Pell Grant program is an increase of about 2.6 billion U.S. dollars. Instead, the budget proposal shifts money for PerkinsTo grant> Loans and other loan programs in the amount of 20 billion U.S. dollars over 5 years programs. And this is a place of 2.6 billion U.S. dollars will be made to get a larger Pell Grant budget.
47 RDPs end of May
Since many of these programs do not have big budgets, 47 of them, you just add up to 3.3 billion U.S. dollars, which would be shifted to other educational programs. I have not found a list of the other 46 programs are not yet, but if I do, I'll let you know. Overall, it appears the proposal above $ 60Billion for education related items, about the same as in 2008.
The President, he mentioned changing educational programs in the state of the Union address this week. In addition, Democrats are working for their student loan costs. A welcome change for many, but still a program that will vie for money in the budget.
You can find a bright point in all this. Congress usually comes with its own ideas on education, the Perkins loans can continueafter all. And the Pell Grant Program is likely to lead more money for college, especially with congressional Democrats. But watch out for other victims.
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