Tuesday, February 3, 2009

Will Obama's New Plan Help You Pay for College?

Copied and Pasted by Rie Umano

TALK OF PRESIDENT OBAMA’S economic stimulus package tends to focus on the economy’s most ailing parts — housing and employment — but if the president gets his way, families may see some relief in paying college bills, as well.
The stimulus package, which Congress is slated to vote on Wednesday, aims to spend $125 billion on education over the next two years. Should it pass, billions will be spent on education at every level, from early education and Head Start programs for underprivileged kids, to universities and college students seeking loans and grants.
If Congress and the House of Representatives pass the bill (the House is expected to vote in the next couple of weeks), a reconciled version of it will be presented to Obama for him to sign into law.
For families with children heading off to college, the fate of the bill could make a big difference in how they fund next fall’s tuition bill. Here are answers to some key questions about the president's proposal.

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