SB38

Bill Number: SB38

Sponsors: KTgallagher R-OK and Ldomeck R-MI

Bill Title: Scholarships Across the Nation

Eligibility: Families that have children going into colleg that do not have the money to send their child to school.

Terms and Benefits:

In today’s economy many children cannot afford to go to college and not being able to go will put them in the same position they are in right now financially. This will limit their job opportunities because most jobs would rather hire someone that has a college education. Students that are a junior or senior in high school who are looking to go to colleges have the opportunity. Also, if their families income is 40,000 dollars or less a year, they will qualify. This does not mean that if you do not meet all the criteria you can't receive scholarships, you just cannot receive them from the government. They will be able to receive a scholarship ranging from 5,000 to 50,000 for schooling, depending on the families financial situation and achievement in various areas. The less money the family is making the higher scholarship they can receive. If the student has high achievement in academics, sports, and/or extracurricular activities, they can also earn a higher scholarship. Yearly salary is not the only thing that will be considered, other monthly and yearly payments will be considered. This can better prepare the students that will be leading and running this great nation one day. If we want the nation to be the best it can be, and not in the position it is today, we need to have as many educated people as possible. Also giving out ore scholarships will allow more children to go to college giving them a much better chance of being successful. This bill will last five years. Then we will have to go through Congress to renew it again and update it for future students and classes. This bill will be carried out by [|Federal Student Aid for Higher Education]. They believe in helping students get to college and helping students with finacial literacy. They want parents to save as much money as they can while still sending kids to a good school.

Fiscal Impact:

Right now there are about 4-5 scholarships given per college each year. There are 4,168 2 and 4 year colleges in the United States. That is an estimated 19000 scholorships given. We want to add about 21000 scholarships a year. Then we would give financial aid to the others who don't get a scholarship. That would cost between $105,000,000 and $1,050,000,000 depending the colleges the students go to.

We will need financial aid workers/counselors to help guide the families through their financial struggles and get whats best for their children. Each worker will earn around 30,000-40,000 a year depending their expierence.