Lost in Health Care Translation: Education Reform

Summary

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So far, according to [Melody Barnes], since Obama was inaugurated, the averaged Pell Grant award has increased bt close to $819 dollars per individual. "The new law invests about $40 billion into Pell Grant programs to ensure that everyone who's eligible for a reward gets one," said Barnes. "We expect more than 820,000 in additional Pell Grant awards to be granted by 2020/2021," said Barnes, with "about 200,000 to African-Americans."

According the Barnes and [John Silvanus Wilson, Jr.], the average college graduate joins the real world with $23,000 in student loan debt. To help those in dire straits pay their loans, the legislation caps student loan payments to 10 percent of a person's income. If a person works in public service (police officer, firefighter, etc.) and pays their bills on time, the debt could be forgiven completely after 10 years. "The income-based repayment program is already in effect," said Barnes. "We're just making those terms better for individuals." Currently, the repayment cap is at 15 percent.

"The money will be distributed along the same plane as Title III support," said Wilson. "And there are categories. There is some infrastructure, but it's academic infrastructure. This is not restricted support. The [college] presidents will have some leeway in terms of how the money is used."

According to Wilson, this bill will provide direct support to HBCUs, delivering $1 billion in mandatory funding to these institutions over the next two years.

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Lost in Health Care Translation: Education Reform

Words of celebration and denunciation littered the American political and social landscape after President Barack Obama signed the bill bringing health care reform to the 21st century. Shouts of socialism, threats against Democratic congressmen, cl...

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