Monday, February 9, 2009

How Obama's New Plan Help You Pay for College?

President Obama’s economic stimulus package tends to focus on the economy’s most ailing parts — housing and employment — but if the president gets his way, families may see some relief in paying college bills, as well.

The package aims to spend $125 billion on education over the next two years. Should it pass, billions will be spent on education at every level, from early education and Head Start programs for underprivileged kids, to universities and college students seeking loans and grants.

For families with children heading off to college, the fate of the bill could make a big difference in how they fund next fall’s tuition bill. Read the answers to some key questions about the president's proposal on Smart Money.

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