Student Borrower News from Equal Justice Works
President Barack Obama submitted his budget proposal for the 2014 fiscal year to Congress recently and, once again, he suggests a number of reforms that would affect grants and student loans. While all aspects of the president’s proposal will remain just that – a proposal – unless and until Congress approves the budget, here’s a rundown of some of his major recommendations regarding student debt.
The president is focusing on college access, affordability and completion and the proposal fully funds Pell Grants through award year 2015-2016. Pell Grants are crucial to ensuring low-income students can access postsecondary education and the proposal would help an estimated 9.4 million students for 2014-2015 (and increase the maximum award by $140 to $5,785). Read full article here.
Announcing the 10thth annual Global Social Entrepreneurship Competition (GSEC)
Students: Do you have a world-changing idea?
The UW’s Global Social Entrepreneurship Competition (GSEC) is a social venture plan competition open to enrolled university students in any discipline around the world. Applicants submit an executive summary of a business idea that both addresses an issue related to global poverty and will be implemented in the developing world.
The deadline for this year’s competition is Tuesday November 12, 2013 at midnight Pacific Time. Semi-finalist teams (about 15-20) will be notified in early December, and will be invited to compete at the week-long competition held on UW campus February 24-28, 2014, where they will receive coaching, network with hundreds of local health, development and business professionals, attend an event with the Seattle Rotary, and finally, compete for cash and in-kind prizes, including a grand prize of $12,500, a $10,000 Global Health prize, a $10,000 ICT prize, and other prizes from the Rotary and NCIIA.
Applications will open in August, 2013. Learn more about GSEC at http://www.foster.washington.edu/gsec/
Photo Courtesy GSEC. 2012 Grand Prize Winners: Jorsey Ashbel Farms.