Pell grants

September 1, 2022

Debt forgiveness is welcome, but more state funding to higher education is needed

President Joe Biden announced in August that the federal government plans to forgive up to $20,000 of student debt for people who took out federal student loans. People who received Pell grants and earn less than $125,000 per year ($250,000 for married couples) can get up to $20,000 in debt forgiven, while non-Pell borrowers are eligible for up to $10,000 in relief.… Read more...

May 2, 2018

What to do when TOPS is underfunded?

The House version of next year’s budget funds the TOPS scholarship program at only 80 percent of current year funding.

Number of the Day

167 - Average annual percentage interest rate (APR) for a new predatory payday loan product that would be authorized by legislation passed by the Louisiana Senate on Tuesday evening. Current law caps interest rates at 36 percent APR. (Source: Center for Responsible Lending)
November 7, 2017

House tax plan benefits richest 1 percent

The wealthiest 1 percent of Louisianans will get the greatest share of the tax cut plan proposed by the U.S. House of Representatives. And the share of the tax cuts going to the top 1 percent would grow through 2027, according to a 50-state analysis of the House tax plan released yesterday by the Institute on Taxation and Economic Policy (ITEP).

Number of the Day

48 percent - The top one percent of earners’ share of the proposed House tax cut in 2027  (Source: Center on Budget and Policy Priorities)
October 9, 2017

Training tomorrow’s workers

Louisiana is very generous when it comes to providing college scholarships to traditional students who pursue four-year degrees directly from high school. But it is considerably less generous for everyone else - especially non-traditional students, people from low-income backgrounds and students seeking two-year associate degrees or skills training.

Number of the Day

$723.67 - Average weekly wages for production and “non-supervisory” workers in 2016 - which is 2 percent lower than in 1972, in inflation-adjusted dollars. (Source: EPI via The New York Times)