Kindle Loan Program

Financial Aid Is A Benefit Of 2009 Recovery Act!

President Obama’s Recovery Act in 2009 is as much about education as it is about jobs. Our nation’s chief executive understands that to upgrade a person’s salary one should upgrade the person’s education. $225 billion of the Act is dedicated to contracts, grants and loans and $500 million of that is targeted to online degrees. The reason Obama has made this money, including college loans, available is as at least a partial cure to the high drop out rate on-campus universities endure.

“All along that education pipeline, too many people”, he said in a speech last year, “are slipping through the cracks. It’s not only heartbreaking for those students; it’s a loss for our economy and our country.” If you are interested in getting more information about scholarships online research the internet.

One statistic President Obama wanted to seriously address is that only 29% of U.S. adults have a college degree, fewer than in many other industrialized nations. Only about 40% of Americans who start college graduate. The price of higher education, which rises by an average of 8% a year, contributes to the high dropout rate.

For example, in his first year of office alone, the President dedicated $500 million to have community colleges develop new online education programs. From there, he wants to have these courses available to all students who can get online, from their desktop to the new Amazon Kindle. Actually, what’s truly amazing is he wants to see 20-25 new government-approved courses available per year. For any additional information about online degree grant check the internet.

One of the key reasons for this program is the overall affordability of online education versus on campus. The Board of Education estimates that online education costs a student approximately 40% less than going on campus. The average cost of an on campus education these days is $150,000 for a four-year degree, while USA Today reports the cost is $65,000 for the same amount of time.

Online classes from accredited colleges are the same as those who attend on campus schools. Taking a class this way absolutely does not mean one is taking anything easy or that passing grades are strewn about like confetti. These classes are as challenging as the top ivy league schools. In fact, some of them are offered by ivy league schools. Thanks to this and with the cost saving element, one easily sees why the President is for online education. Online school means more students for each government dollar spent, with each student getting the same competitive education.

Not surprisingly, there are many money-saving benefits to attending a school from home. The student can continue their work, a feature that is particularly attractive. Many companies, including some of the major players in convenience foods, offer scholarships to employees. If those working for the chain are there for a certain number of hours, they can get aid, study and work conveniently located. Those with children will appreciate not having to spend money for sitter fees, not to mention transportation costs. For an abundance of information about online degree grant check out the web.

The benefits of the program will benefit both the citizens and the government. A better educated citizenry at a cost-effective price means competition in jobs and a more affluent overall lifestyle. College loans for students are a means to help get your education on track. Researching scholarships and grants for online school will provide you with information for your individual situation. More education means more choices – appreciated at every level.

House Session 2011-01-25 (11:59:51-13:00:13)

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