News in Brief
New Hampshire congressman opposes financial aid bill
Former Senate Budget Committee Chairman Judd Gregg was the only New Hampshire congressman to vote against a plan to bolster financial aid to students by slashing about $20 billion in government subsidies to lenders. According to Gregg, the bill will actually cost 2,900 times as much as its supporters say it will save. Criticizing the bill, Gregg said, "The problem with this is that this bill, and the manner in which it's brought to the floor, basically puts a stake through the heart of the budget process." The bill will increase the maximum Pell Grant from a little over $4,300 to $5,400 by 2012.
SDSU has new endowed scholarship
San Diego State University has created a $100,000 endowed scholarship in memory of Carol Forrest, a former member of the SDSU Alumni Association's board of directors. The Carol Forrest, P.E., Memorial Watershed Management Scholarship Endowment will help College of Engineering graduate students interested in studying water resources affected by storm water and urban runoff. Forrest, who passed away a year ago, was a well-known San Diego-based civil engineer and specialist in erosion and sediment control. Her former employer, Geosyntec Consultants, and widower, Michael Harding, are funding the scholarship.
UT LEAD to help the underprivileged
Students who have been awarded the Tennessee Pledge and Tennessee Promise scholarships at the University of Tennessee will now be eligible for the UT LEAD program. Returning recipients of African-American Achiever and African-American Incentive Grant scholarships are also eligible for the program. UT LEAD promotes academic excellence and undergraduate success by adding structure to students' first years, providing each participant with a personally assigned academic counselor and leadership development program. Managed by the Student Success Center, UT LEAD is a partner of the Office of Equity and Diversity, the Black Cultural Center, and Career Services and brings together students from diverse backgrounds.
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IRS Reminds Students of "Tax-Advantaged Education Expenses"
By Surajit Sen Sharma
On September 11th, the IRS news release "Back-to-School Tax Breaks Help Teachers Pay Classroom Costs; Aid Parents, Students With College Tuition" stressed the importance of saving receipts and maintaining expense records to take full advantage of deductions on educational expenses and credits available on federal income tax returns for 2007.
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