Do Current Changes to the Federal Financial Aid and Loans Program Affect You?

List: Posted: 12/10/10

The world of college financing is changing for the better. Federal student aid amounts are getting much higher, and more students will be able to take advantage of them. When working out college financing, students will get more money in their Pell Grants and more help paying back their loans after graduation.

Starting July 2010, all new federal student loans, such as Pell Grants, are made through a system called the Direct Loan Program. Now when worrying about college financing, parents can rest a little easier. Rather than borrowing money from banks with high rates, students borrow it from the Department of Education.

You can see how much college financing is changing just by looking at the numbers. The maximum amount of Pell Grants is increasing to over five-thousand dollars.

In the world of college financing, the income-based repayment plan has improved, as well. Now student loan repayment after graduation will be based on income and the size of family.  With more students and parents worried about college financing, the good news is that this income-based repayment program will get even better in 2014. Are you ready for more good college financing news? As of the first of July, new subsidized loan interest rates decreased to less than five percent.

Now college financing will be much less of a burden on families who cannot pay for school out of pocket. With college financing changing, more students will have the ability to exercise their potential and make college dreams a reality!

Colleges And Universities

    We offer unique and flexible graduate programs in computer science and software engineering that will enhance your career in the technology capital of the Pacific Northwest.

    • 901 12th Ave
    • Seattle, WA 98122
    • (206) 452-2262
    • 1701 Broadway
    • Seattle, WA 98122
    • (206) 934-3800
    • 220 2nd Ave S
    • Seattle, WA 98104
    • (206) 855-9045

      Founded in 1946 as the Burnley School for Professional Art, The Art Institute of Seattle has a proud history as a part of the Seattle community and a contributor to the creative industries in the Northwest. As Seattle grew, so did the Burnley School. The city saw everything from a World's Fair to exploding new technologies that have changed the face of modern living. All the while, the Burnley School turned out a generation of graduates ready to succeed in a rapidly changing world. In 1982, the Burnley School joined The Art Institutes system and became The Art Institute of Seattle. In the next few years, The Art Institute received accreditation from the Accrediting Commission for Career Schools and Colleges of Technology (1984), moved to its present location on Seattle's waterfront (1985), and grew from about 100 students to a fall 2004 enrollment of nearly 2,500. The Art Institute of Seattle achieved a major milestone in 1999 when it was granted regional accreditation by the Northwest Commission on Colleges and Universities. In 2003, The Art Institute of Seattle was granted informal candidacy at the baccalaureate level to offer Bachelor of Fine Arts degree programs in Media Arts & Animation, Graphic Design, and Interior Design. Additionally, through SmartFUN and the Center for Professional Development workshops and continuing education courses, The Art Institute offers continuing education courses and workshops to the general public for personal enrichment and for education certification. In emphasizing quality programs based on the needs of business, The Art Institute of Seattle will continue to be a leader of creative education.

      • 2323 Elliott Ave
      • Seattle, WA 98121
      • (800) 940-1799

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