President Obama, backed by his team announced that he strongly supports the idea that many American citizens (including encroachers) should attend college and hence there’s a need for taxpayers to fund grants and loans. I find this plan faulty and propose something’s that’s best.

From what I understand, the students who Obama has in mind are shirkers and duffers or people who are otiose or dumb to get to attend a college and America has no dearth of them! Although Obama isn’t bothered if they are lazy or dumb, what he cares is the vote bank.

I don’t want to spend a penny of my tax in proving or providing education to adults who cannot attain a degree in an age where grades seem to touch the sky. I have an intelligent and economical plan for such a population that is currently under merited by such colleges. What we really need to do is to enforce the Five-minute University, first proposed by Father Guido Sarducci.

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The following information is about the Income Based Repayment plan for the federal student loans. The information includes the eligibility criteria, calculation of payment and benefits of the plan with some examples to make the understanding easier. Some common questions answered;

What is the Income Based Repayment?

As the name suggests, Income Based Repayment is a new scheme of repaying the loans taken by the students. Under this scheme, the student can repay the loan as per his monthly income and family size. For example, if your income allows you to pay only $500 a month towards repaying your loan, your loan repayment will be capped at $500.

What type of the federal student loans can be repaid under the IBR scheme?

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The time just does not seem right either for school leavers or for those leaving graduate school. With stars in their eyes, these students had worked hard to get into their dream graduate school.

But with recession looming large, just hard work alone is not sufficient as money appears to be the reason many high schoolers are letting go of their dream schools and settling for second best.

A survey predicts that 71% of the high school graduates ruled out their choice of getting into a grad school of their choice because of money or the lack of it! Even parents who would pay any amount for prestige are doing a re think.

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One of the popular sites, which track the loans taken by students, has given the verdict that approximately 2/3rd of the student group at some point or the other take educational loans. To prop up such students, various online domains have taken up the venture to list out large number of scholarships which are astoundingly easy to be grabbed.

All a student need to do is get a form from the educational Department of US. The form is of free application for Federal Students Aid and in a short span of time, you will become eligible for loans at astonishingly low interest rates.

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After the last stimulus check that helped little in reviving the economy, the second stimulus check package is what President Barrack Obama seems to be keen on. Plans of up to $ 50 billion fiscal stimulus would soon be materializing into tax rebates, unemployment benefits and stimulus checks. The American population may still be confused over the last stimulus payouts, but they are also anticipating the mails for the next stimulus checks that are pushing there way in.

Though the earning people in the middle-class seem to be the major beneficiaries of the fiscal stimulus plan, there are some benefits in store for college students too. Provisions have indeed been made to offer tax credits and grants to students.

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The most important question I am sure being asked right now by students and teachers all over the country is, whether Obama Stimulus Plan for Education is really the largest educational investment in US history?

On February 17, 2009, President Obama signed the ARRA (American Recovery and Reinvestment Act of 2009) into law. While he was in the signing ceremony of the Stimulus Bill at Denver, Obama described this package to be amongst the ‘largest educational investment in US history’.

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