ALERT: Will Obama's proposal affect your tuition?

SimpleTuition helps you plan, pay less and pay back smarter on your college expenses. View this email in a browser  |  Be sure to add email@info.simpletuition.com to your address book or safe sender list.

	SimpleTuition Tips   Quick links:  My student loan options  |  Test prep center  |   Textbooks for less  |  Find scholarships
	A financial aid overhaul could mean an end for tuition hikes In Obama's State of the Union address last week, he said, "Let me put colleges and universities on notice: if you can't stop tuition from going up, the funding you get from taxpayers will go down." It's the first time he's tied eligibility for campus-based federal aid programs to an institutions' ability to keep their costs down. And if Congress passes it, we could see lower college costs and increased funding for things like Perkins loans and work-study, which means college could actually get cheaper. We break down the plan below, so read on and check out the changes. But before you celebrate, remember that Washington is filled with politicians—and we all know how slow they are. So if you've got an unpaid tuition bill or need to plan ahead for next semester, compare your private student loan options. That way you can start saving money now. View my student loan options According to the New York Times, Obama has proposed the following: An increase in Perkins loan funding, from $1 billion to $8 billion A new $1 billion grant competition that will financially reward states that keep college costs under control A new $55 million competition for individual schools, which is intended to spark more efficient spending A new requirement to better demonstrate the value of a school's education: each institution will need to compile post-graduate statistics, like earnings and employment status of graduates, which will be available to prospective students A doubling in the number of work-study jobs And maintaining the current interest rate on subsidized Stafford loans—while it's currently at 3.4%, it's scheduled to double on July 1st However, some college officials argue that this new plan would actually lead to a lower-quality education by virtue of the proposed incentives. In order to increase efficiency, universities may increase class sizes, rely more on adjunct professors and graduate students, and retain cheaper—or lower quality—faculty. Either way, the issue of college affordability is front and center, as it should be. But any changes may be a long way off. So if you need money for school now, and you need it cheaply, remember to compare your private student loan options for your school. A few clicks could save you thousands. Forward to a friend!
	Your Personal Profile School: Update your information Graduation Date: Update your information Is this information correct? Update
SimpleTuition helps you PLAN, PAY LESS & PAY BACK! follow us on >>

You're receiving this email because you signed up for the SimpleTuition Newsletter. If you prefer not to receive this email, you can always unsubscribe. You can also update your profile. Please do not reply to this email as we do not monitor responses to this account. You can find answers to most student loan questions at our Student Loan FAQs or you can contact us. SimpleTuition supports the rights of students to borrow from the lender of their choice and all the lenders featured in this message have indicated they will accept loan applications from students at your school. Your school, however, has not endorsed these lenders and may offer other suggestions. We take your privacy very seriously, read our privacy policy. © 2005-2012, SimpleTuition, Inc., 268 Summer St. Suite 502, Boston, MA 02210 USA This email was sent to adamaryanta.scholarship@blogger.com by SimpleTuition, Inc..