Sentences with phrase «eliminate subsidized student loans»

Not exact matches

The spending proposal would maintain funding for Pell Grants for students in financial need, but it would eliminate more than $ 700 million in Perkins loans for disadvantaged students; nearly halve the work - study program that helps students work their way through school, cutting $ 490 million; take a first step toward ending subsidized loans, for which the government pays interest while the borrower is in school; and end loan forgiveness for public servants.

The total demand for and resulting cost of the Pell Grant program grew exponentially between 2007 and 2011 as a result of more Americans enrolling in college and lower family incomes during the Great Recession.58 In 2011, to compensate for an inadequate reserve to fund the growing demand of Pell Grants, Congress cut year - round Pell Grant eligibility, which was restored this year, and eliminated graduate student subsidized loans.59 This affected the student aid packages of students nationwide.60 By cutting the Pell Grant reserve, President Trump and Secretary DeVos risk the ability to fund future upticks in Pell Grant demand, thereby requiring either future reductions to eligibility, lower awards, or cuts to other education programs.

College Students have access to both subsidized and unsubsidized Stafford student loan to help defray or eliminate tuition expenses.

However, the Budget Control Act of 2011 eliminated subsidized Stafford Loans for graduate students.