May 8, 2009
Posted: May 8th, 2009 12:25 PM ET
The president spoke about the importance of education Friday.
WASHINGTON (CNN) - President Barack Obama announced new steps to help unemployed Americans Friday, targeting people out of work who want to go back to school. The president outlined a plan under which the Department of Education will send colleges legal guidance encouraging them to increase financial aid packages for the unemployed so they can enroll in educational and training programs, while keeping their unemployment benefits. Under Obama's initiative, colleges would consider a person's current financial situation to make it possible for them to receive Pell grants, which are available for low-income students. The unemployed person would not lose any unemployment benefits and the maximum Pell grant would be increased in July by The Labor Department will also issue guidance "strongly encouraging" states to modernize their rules to allow more unemployed to continue their education without forfeiting their benefits. "In a twenty-first century economy where the most valuable skill you can sell is your knowledge, education is the single best bet we can make," Obama said. The unemployment system should not just be a safety net, but "a stepping stone to a new future. ... It should offer folks educational opportunities they wouldn't otherwise have, and give them the measurable and differentiated skills they need to not just get through these hard times, but to get ahead when the economy comes back." Current unemployment rules create a catch-22: In most cases, if you are receiving unemployment compensation you have to be actively looking for a job. Filed under: Economy Education Obama administration President Obama |
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
@wolfblitzercnn: New SitRoom start time. Beg. mid-Jan, we're on 5-7p ET. Our excellent team can focus on 2 solid hrs. Less becomes more.
Updated: Tue, 22 Dec 2009 06:45:58 -0800 @psteinhauserCNN: New CNN Poll: Tiger Woods' standing with Americans takes a big hit but there appears to be a big racial divide - http://bit.ly/6dW44s
Updated: Tue, 22 Dec 2009 05:28:45 -0800 @wolfblitzercnn: Trifecta -- NOT. My Redskins, Bills and Packers all lose this weekend. Very sad.
Updated: Mon, 21 Dec 2009 20:40:09 -0800 @HornickCNN: RT @andersoncooper: Interactive: The top 10 Health-Care-Reform Players http://bit.ly/6C3OlX
Updated: Mon, 21 Dec 2009 19:47:50 -0800 @HornickCNN: RT @cnn_oppmann: CNN.com: Mexico City approves same-sex marriage. http://bit.ly/5RyMnk #mexico
Updated: Mon, 21 Dec 2009 19:46:26 -0800 Categories
Archive
Popular Posts
|
Loading weather data ...