President Obama is working overtime to streamline the whole process of federal aid application. To accomplish this task, US government is going to get rid of the six-page form. Instead, students need to check a box on their tax forms. This will be a clear sign that all of their tax details could be used in order to evaluate the availability of financial aid.
Role of IRS
To evaluate aid, the family size and income would be gathered from the IRS. From there, students need to send in their name, phone number, address and release form to the IRS. Once you do that, form would be submitted to the Department of Education. With details in hand, Department of Education will decide whether you are eligible for tuition aid or not.
Pell Grant and Private Loan Programs
Obama will offer $25 million yearly in matching money for states to come up with Early Assessment Programs. With these programs, 11th graders can easily evaluate whether they are ready for traditional education or not. President Obama has already announced that there is going to be increase in the Pell Grant to $5,400 over the next two or three years.
There is a strong possibility that US government is going to get rid of the more costly private loan programs. In private loan programs, students need to pay high interest rates. This creates unnecessary pressure on the mind of students. Repayment schedule is also quite a big factor in private loan programs. Often, students are required to pay high monthly installments which they cannot afford.
Implementation of Obama tuition aid strategy
The implementation of President Obama tuition aid strategy is not going to be easy especially when one take into consideration the current economy state. In terms of statistic, at present over forty states have budget deficits. In other words, if the state does not have much to distribute, allocation of resources is going to be really difficult.
Grants and Scholarships
For students whose financial condition is not that good, getting an approval for grants and scholarship is very important. But the problem associated with grants and scholarships is that too many students are competing for a small number of grants and scholarships. To improve the situation, President Obama is in. I think that home tuition can support to enhance grades because it gives 1 to 1 focus. Visit jc tuition centre singaporediscussion with Department of Education to come up with a plan through which eligible students can get approval for grants and scholarships without any hassle. Application procedure for grants and scholarships is so complicated that students get really confused what they need to do.
Students interested in studying specialized courses are normally the one that struggles to get an approval for grants and scholarships. This is because of the simple reason that tuition costs of specialized courses are normally lot more in comparison to the conventional degree programs.
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