Access Missouri Funding Protected!
Congratulations Keep Me In College Coalition members! Thanks to your quick action, we succeeded in protecting the $1 million in additional funding for Access Missouri.
We appreciate your calls and emails to House-Senate Budget Conference Committee members. Your good work paid off for financially deserving students across our state. We also appreciate those lawmakers who took a stand in support of students!
Student awards have been drastically cut in recent years, so any additional funding to support the Access Missouri program is critical. Of course, we must remain vigilant as this process continues.
Thank you for your continued support! As always, we will keep you informed.
Student Loans Rates Could Double
Congress could deal a blow to new college students planning to take advantage of the federal Stafford loan program.
Rates on new subsidized loans are scheduled to double from a fixed 3.4 percent to 6.8 percent if federal lawmakers don't stop bickering and take action. The change would only affect those students taking out new Stafford loans from midyear on. Students with existing student loans would not see a rate increase as long they don't take out a new loan after June 30 for the coming school year.
U.S. News reports that Congress is toying with a one-year extension that would hold the current rate steady. Read more here.
If Congress fails to act, the new interest rate would take effect July 1. We will continue to watch this issue.
KMIC President Tells Lawmakers How Access Missouri Helps Students
Misty Todd, president of Keep Me in College Coalition, traveled to Jefferson City in January to testify in support of continued funding for Access Missouri.
Todd told a Senate committee that she – like tens of thousands of other Missouri students – relies on financial aid to attend college.
Her story was so compelling that it was included in news coverage of the hearing by The Associated Press. The story was used by news media across the country. You can read the version posted on Bloomberg Businessweek.com here