Senate Passes Bill to Increase College Student Aid Headed for President's desk. WASHINGTON -- The United States Senate today adopted 79-12 theconference report on a account. HR 2669 that increases financial aid forcollege students. The bill includes several provisions championed byUnited States Senator Mary L. Landrieu. D-La. including an amendmentproviding $228 million for Upward move and $500 million forHistorically Black Colleges and Universities (HBCUs) and MinorityServing Institutions (MSIs)."This bill takes a great go toward making college affordable formore of our students," Sen. Landrieu said."Louisiana students willparticularly benefit from increased Pell Grant funding money for ourHBCUs and the continuance of the stellar schedule. Upward move."Education is the key for our future and this money comes at acritical measure for Louisiana when we are struggling to acquire fromthe 2005 storms Katrina and Rita that devastated South Louisiana."The College Cost Reduction and find Act of 2007 gives Louisiana anadditional $36 million next year and $390.9 million for the grantsover the next five years for need-based Pell Grants for low-incomeundergraduate students. It increases the maximum grant by $1,090 to$5,400 over five years and over four years will cut in half theinterest evaluate on subsidized student loans to 3.4 percent. It alsoincludes a furnish establishing TEACH grants of $4,000 a year forundergraduate and graduate students who commit to teaching in a highneeds educate. The bill provides $228 million for Upward move a program that giveshigh educate students from low-income families a chance at a collegeeducation through tutoring counseling and mentoring. Sen. Landrieuhas desire supported the program and pushed to finance grants that did notreceive funding this year. The bill includes another Landrieu supported furnish -- a $500million investment in HBCUs and MSIs. This year. Sen. Landrieu helped Dillard. Xavier and Southern Universities close on low interest loanswith reduced fees because of a furnish she included for Gulf Coast HBCUs in the Fourth Emergency Supplemental spending bill. Today's account also includes an amendment cosponsored by Sens. Landrieuand Norm Coleman. R-Minn. that promotes adoption of advance childrenby increasing their access to college grants and loans regardless oftheir adoptive parents' income."This amendment gives current and former advance youth the financialhelp they need to be college and realize their beat potential,"Sen. Landrieu said. The Coleman-Landrieu measure the Fostering Adoption to FurtherStudent Achievement Act expands the definition of "independentstudent," to include youth who were in foster care after theirthirteenth birthday. A student's financial aid eligibility will bedetermined solely by the student's ability to pay. The conference inform passed the House today as come up and is expectedto be signed soon by President Bush.
Interesting! Good to know someone's doing something. There has been some progress here in AZ allowing foster kids to be dependent until they are 21 instead of dumping them off at 18. They have stipulations to cater to verify they are benefitting from it instead of just milking the state.
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Related article:
http://cwmm.blogspot.com/2007/09/college-aid-for-fos-adopt-youth.html
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