2009 Recovery Act Provides Funding For Online Education!

When President Obama proposed his Recovery Act in 2009

, what many didn't realize is that it wasn't just focused on jobs. The act, which totals over $787 billion, is actually divided into three key sectors: Tax benefits, contracts, grants and loans, and Entitlements. It's that second and third, contracts, grants and loans, that will have a major impact on online colleges. For many, college loans mean they can attend school, where on their own it was impossible.

Speaking on education and those who do and do not attend for economic and personal situational reasons, he stated: "All along that education pipeline, too many people", Obama said, "are slipping through the cracks. It's not only heartbreaking for those students; it's a loss for our economy and our country". If you need more information about school grants, look on the internet.

He is particularly concerned that only 29% of Americans have a college degree, where many other industrialized nations have more like 40%. Another statistic is only about 40% of Americans who start school actually complete their studies to become a college graduate. The rising costs of education, approximately eight percent per year, means many who start will not be able to finish as costs outpace their abilities to finance.

One of the President's solutions was to dedicate $500 million to colleges for new programs. Asking for twenty to twenty-five new courses each year was only the start. These courses need to be available to everyone willing to attend, whether they do so on their own desktop computer, at a local library, or via new technology such as the Amazon Kindle.

A key reason is the overall affordability of online education versus on campus. The Board of Education estimates an on campus degree costs approximately 40% more than going to an online college. The average cost for a 4-year degree is $150,000 going on campus, while USA Today reports the cost of is $65,000 for the same amount of time. There is an abundance of information about grants for college on the web.

Online classes from accredited colleges are the same as those who attend on campus schools. Taking a class this way absolutely does not mean one is taking anything easy or that passing grades are strewn about like confetti. These classes are as challenging as the top ivy league schools. In fact, some of them are offered by ivy league schools. Thanks to this and with the cost saving element, one easily sees why the President is for online education. Online school means more students for each government dollar spent, with each student getting the same competitive education.

There are other cost factors going to school online has over on campus, and this is to assuage the dropout problem. Online students can hold down jobs, many times getting financial aid from companies like recognizable food chains, as they continue their education. The cost savings comes in the cut in commute time, possible baby sitter fees for working parents, and the wear and tear constant commuting does on vehicles.

by: Natasha Bright

POST COMMENT

Going To The Sunshine Coast For A Higher Education Loans For Teachers Easy Option To Borrow Money Especially For Teachers Paradise Valley Arizona Schools Are Considered Most Excelling Watch And Study - The Educational Movies For Children Pre School Bangalore Evolution Of The Web And Technology In Education Types Of Grants For Schools The Best Of The Best: Medical Transcriptionist Schools Defensive Driving School Advice - Should each Students Concentrate on? Is The Teaching Job Best For You? Get the Education You Need with the Help of Unsecured Student Loans Go For Online Education For A Better Career Opportunities College Education Through Tuition Reimbursement