Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
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| Thursday, February 8 , 2007 |
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| Democrats Push for Pell Grant Increase |
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![](http://www.lawschoolloans.com/images/blanker.gif") College hopefuls may have the opportunity to receive more funding if the Democratic plan to increase the maximum Pell Grant award is approved by both the House and the Senate in the upcoming weeks.
According to the U.S. Department of Education's website, www.ed.gov, the Federal Pell Grant Program "provides need-based grants to low-income undergraduates and certain post-baccalaureate students to promote access to postsecondary education. Students may use their grants at any
one of approximately 5,400 participating postsecondary institutions.
read more
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Sponsored by EdFed
Getting Ahead: Reserving Consolidation While in School
Whether you've taken out federal student loans or private student loans to fund your education, it's imperative that you not ignore your debt while you're still attending school. Consolidating your student loan debt is the smartest way to take control of your finances and prepare for your future.
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"Don't Strain for What Ain't There."
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By Heather Jung
Believe it or not, the simple saying that is the title for this article is great advice for wading through the difficult process of finding a job. When your money is tight and the job market is tighter, the temptation is always there to try to squeeze yourself into a position that just isn't right for you.
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Pell Grant amount set to increase after five years of stagnation
The passage of the $463.5-billion spending bill by the House of Representatives will increase the maximum Pell Grant amount by $260. The bill, which was pushed through by the Democrats in order to complete the budget-approval process that began last year, will increase the maximum Pell Grant that a student can receive to $4,310—the first increase in direct federal aid in five years. The bill will now make its way to the Senate.
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"Dear Colleagues Letter" outlines new regulations for lenders
The United States Department of Education has published a "Dear Colleagues Letter" restating the requirements outlined by the Higher Education Act and other regulations that control whether FFELP loans funded by tax-exempt sources may be granted eligibility for payments at a 9.5% minimum return rate.
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Office: 175 S. Lake Ave., Suite 200, Pasadena, CA 91101.
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