Change in Federal Formula Means Thousands May Lose Student Aid

[chomskysright]

From the Chronicle of Higher Education:

(you have to be a subscriber to pull up all the info):

According to an analysis by the American Council on Education, about 1.3 million students and their families will see their eligibility for federal financial aid cut because the new formula will show them to have more discretionary income available to pay for college than before. The families of the approximately 90,000 students disqualified from Pell Grants could also appear to be rich enough that they would be ineligible for state and institutional aid as well, according to the council.

"This is the first time in at least 10 years where there's been a significant reduction for this magnitude of students," said Brian K. Fitzgerald, staff director of the Advisory Committee on Student Financial Assistance, an independent panel that advises Congress on student-aid issues.

Despite opposition from Democratic lawmakers, college lobbyists, and advocates for students, Congress gave the department the green light to make the change in the formula when it approved a vast budget bill last month for the 2005 fiscal year.


STATES HIT HARDEST BY CHANGE IN FEDERAL AID FORMULA


The U.S. Education Department has announced that it will change the formula that the government uses to determine a student's need for financial aid. As a result, as many as 90,000 students could become ineligible for Pell Grants and other forms of financial aid next fall, when the change goes into effect. The impact on families will depend on where they live. This list shows where students will be at the greatest risk of losing their grants.

Arkansas
Colorado
Delaware
District of Columbia
Hawaii
Iowa
Maine
Massachusetts
Michigan
Montana
Nebraska
New Hampshire
New York
North Dakota
Oregon
South Carolina
South Dakota
Utah
Virginia
West Virginia
Wisconsin
Note: In these states and the District of Columbia, the amount the U.S. Education Department forgives families for their state and local tax payments -- when determining their eligibility for federal financial aid -- will be reduced by three or four percentage points. The current formula relies on tax data from 1988, and the new one from 2002 tax data.

[bluestateguy]

1. I bet those students who didn't vote will learn their lesson now

and if that doesn't do it, then wait till the draft notice arrives in the mail.

[tk2kewl]

3. I saw something somewhere saying Puff Daddy was right.

Vote or Die

[BattyDem]

2. Gee, what a surprise

:eyes:

No money for education, no money for healthcare, no money for police/firefighters, so money for infrastructure, no money for Homeland Security .... but BILLIONS AND BILLIONS for war! :grr:

[Just Me]

4. Don't blame me,...

,...I voted for the other guy.

[yardwork]

5. The chimp lied about Pell Grants during the debates

and the media let him get away with it.

It makes me sick to think of the lies that chimp tells and gets away with.

[DoYouEverWonder]

6. If you can't afford to go to school

then you will have no choice but to join the military. That's what it's all about.

[Dhalgren]

7. Right! It's called the "neoDraft".

They will "poverty" you into the army...

[Scooter24]

12. Not to mention

the fact that Congress passed a bill increasing the education benefits for those in the military as well as increasing benfits to the activated guard units.

Recruiters, I'm sure, are pleased and will be sure to exploit this at a school near you.

[NuttyFluffers]

14. i'd rather poverty into jail. then they pay to feed and house me.

eventually they will run out of resources. you can't jail us all, you can't feed us all who are not producing, you can't hold us all who aren't producing.

i'm glad my state hasn't been hit, but i just consider it a matter of time. must hurry up my degree and escape "Fortress America" before it gets any worse.

good bye america, you were my beloved home, but your imperial bastard spin-off won't be my prison or my tombstone.

[One_Life_To_Give]

8. Having not followed Financial Aid

since I left college. What income range is being effected here.
(Note: I had a dorm mate who bought a car with his "Student Loan")

[durablend]

10. Easy--if you need it, you'll be affected!

Can't have the lazy liberuls sitting on their asses in class when there's war profits to secure in mysterious lands abroad!

:puke:

[Horse with no Name]

16. Pell grant and loans are different

Pell grants are given to economically disadvantaged people to obtain a higher education. These don't have to be re-paid. The amounts of these that are given might buy you a beater--but generally are used for tuition and books.
If he bought a car with his student loan--he has to pay it back. The car wasn't a freebie and student loans can be legally used for college and living expenses--cars, gas, computers, living expenses...etc.
It's kind of apples and oranges.

[insane_cratic_gal]

9. Stimulation to avoid a draft.

Shitty economy.

='s people enlisting for the college Bennies.

However, they have never tried to enlist during a war either.

[LynnTheDem]

11. KERRY TOLD YA SO!

In the 3rd debate (I think was 3rd) and bush called Kerry a liar.

But NO WORRY! BE HAPPY!

EMPLOYMENT for ALL!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x1470180

[Vogon_Glory]

13. I Still Wonder How Many Of the Newly-Improvident Voted For Bush n/t

[hadrons]

15. 11 of the 20 states (exclusing DC) are red ones ...