No money for school? Use Obama's stimulus bill
(ARA) - If you have been putting off a college education because of money worries, the Obama administration has come to the rescue. The new American Recovery and Reinvestment Act of 2009 sets aside $30 billion to make schools more affordable and $40 billion for state grants. The Obama administration estimates that this money will enable more students to go to school, thus bolstering the American economy.
Students are the first to benefit from this money. The higher education tax credit was bumped up to $2,500 dollars. An additional $17 billion was designated for Pell Grants. The Federal Perkins Loan Program increased to $6 billion in loans every year. Finally, a federal-state partnership supports a $500 million grant program to improve retention and graduation rates.
"This bill alone makes it a very good time to go back to school," says Tony Balmer, an education analyst. "This administration is trying to remove any financial barriers for people wishing to go to school. But this money won't be out there forever. People need to act soon."
Fortunately, thanks to a growing number of online education options, degree-seekers can take advantage of President Barack Obama's stimulus bill without leaving their jobs. Sites like
ClassesandCareers.com have helped nearly 500,000 degree-seekers get their stimulus money and enroll in online universities.
"We help people learn how to take advantage of this bill," says Janet Hill, an education advisor at ClassesandCareers.com. "All they have to do is visit our site and fill out the form. We guide them through the rest."
If you have been putting off a college education because lack of money, visit
ClassesandCareers.com, fill out the form, and indicate which schools you may be interested in. An education advisor will contact you and show you how to get your share of President Obama's stimulus money and start a new career in the major of your choice.
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