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New College Affordability Measures
Initiatives being launched in 2012-13 to help keep students' and families' out-of-pocket costs as low as possible. Tuition cuts and freezes, three-year degree programs, and more. Complete list.
NAICU Statement on President Obama's Higher Ed Proposals
NAICU President David Warren commends the president's commitment to student assistance, and calls for avoiding unintended consequences for students. More
Net Tuition Price Falls 4.1% at Private Colleges
Inflation-adjusted net tuition and fees at private colleges actually dropped 4.1 percent in the last five years, according to a recent College Board report. More
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Congress Sends Higher Ed Funding Increases to President
December 18, 2009
Congress worked overtime this past weekend, sending President Obama the FY 2010 omnibus appropriations act on Sunday, December 13, for his approval. This combination of six funding bills includes major increases for education programs as Congress continues trying to complete its work for the year this week.
For student aid, the bill includes $17.5 billion for the Pell Grant program to fund an appropriated base grant of $4,860. When the $690 from mandatory funds is added to that, it takes the total student maximum grant to $5,550 for 2010-11. This is a $207 million increase in funding over last year, and a $200 increase in the maximum grant.
Other major increases in the bill include a $117 million increase for Student Aid Administration, to help fund the Department of Education's conversion to direct lending; a $5 million increase for TRIO programs; a $10 million increase for GEAR UP; and increases for all Title III and V Strengthening Institutions Grants. International Education programs were also increased by $7 million.
While no new funding was provided for the Perkins Loan program, the other campus-based programs were level funded at last year's amounts of $757.4 million for Supplemental Educational Opportunity Grants; $980.4 million for Federal Work Study; and $63.8 million for LEAP state grants. Graduate programs were also level funding, with Javits at $9.6 million, and GAAN at $31 million.
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