Education

President Obama Signs Student Loan Program Reform

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(Best Syndication News) For decades the student loan business provided a steady guaranteed income for banks, but after today that will change with the signing of the Health Care and Education Reconciliation Act.

The Health Care and Education Reconciliation Act of 2010 was originally a ride to the health care bill but was removed during reconciliation. After some Republican objections were worked out, the bill passed the House on Thursday with all Republicans voting against it.

Congressman George Miller of California had been working at this bill since 2009. The House passed a similar bill titled “Student Aid and Fiscal Responsibility Act of 2009” last year but it failed to get through the Senate until it was added to this year’s health care reform.

Race To The Top Winners Announced

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(Best Syndication News) Today it was announced that Tennessee and Delaware won the first round of Race To The Top Funding. This is bad news for some states including Illinois and North Carolina.

The money is part of the American Recovery and Reinvestment Act of 2009. Tennessee will receive $500 million and Delaware will receive $100 million.

The downturn in the economy has reduced the tax revenue putting a squeeze on school budgets. Schools around the country have been laying-off workers and cutting expenses. The money is very important to many of the larger states.

Student Loan Reform – What does it do to Help fund College Tuition

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[Best Syndication News] The Health Care Reform legislation had included some reform for Student Loans as well. The approval of the soon to become law is reported to be able to save the US government around $61 billion over the next 10 years by cutting out the bankers from the lending equation.

The program would end the federal government paying banks and private lending institutions for federally backed student loans. If a student was to default on a student loan, the banks would get paid from the government and the have to then go after the student defaulter to collect the money. The new law will get rid of the middle bankers and directly lend federal student loans.

The extra money saved by cutting out the middleman will give $36 billion more towards Pell grants which help low-income families pay for a college education. The annual Pell Grant amount is anticipated to increase to $5,975 by 2017 from the current amount of $5,550. The extra funds generated from the student loan reform would also help to fund community colleges, historically black colleges and other education programs.

St. Patricks Day 2010 – Green and Leprechauns

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[Best Syndication News] Remember to wear green tomorrow, because it will be St. Patrick's Day this Wednesday. Each year St. Patrick's Day is celebrated on the 17th of March. There will be parades in several cities across the US to celebrate the day. If you have kids you might want to build a leprechaun trap to see if you can catch one, or at least have some fun doing some St. Patrick's day crafts together.

The history of St. Patrick's Day

This is the celebration of Ireland's most known patron saint, Saint Patrick. Patrick became a bishop after escaping from being a slave. He set out to save both the rich and the poor. He used the shamrock three leaf clover to teach about the holy trinity, the Father, the Son, and the Holy Spirit. He died on March, 17 461 and was named as a saint by the Catholic Church.

California Government to give out Free Microsoft Certification Training Courses

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[Best Syndication News] Microsoft's Elevate America initiative will be giving the state of California 166,500 vouchers to give away free online training for technology and Microsoft certification programs.

There will be three kinds of vouchers, one is for general e-learning vouchers which teaches how to use either Microsoft Windows Vista or Microsoft Office Suite software. The IT Professional Learning Vouchers are meant to go towards IT professionals that want to get more learning on web development or database management software. Then there is the Microsoft Certification Exam Vouchers which will help you to become certified at no cost for the exam in one of these programs either Microsoft Excel, Word or Outlook.

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