Government Grants for All

NDN’s Simon Rosenberg discusses President Obama’s approval rating with National Review’s Rich Lowry on FOX News

NDN’s Simon Rosenberg discusses President Obama’s approval rating with National Review’s Rich Lowry on FOX News

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Tags: Approval, discusses, Lowry, National, NDN's, News, Obama's, President, Rating, Reviews, Rich, Rosenberg, Simon

Obama’s Scholarship For American Moms Program Gives Extra Grant Money To All Women

There is a large number of the women population in America that despite willing to study further, can’t do so. Obama knows that money is often the only obstacle that prevents many women from pursuing their degrees. For this purpose he has initiated a new program designed for mothers of America. Also called “Moms Return to School Scholarship Grant”, this program facilitates women access to education.

The most important aspect of this program is that it is not a loan; funds are non-refundable. You can receive up to ,000. President Obama’s recent announcement of the stimulus package in these times of recession has come as boon for many single mothers who have been dreaming of getting a second chance going back to college to improve their CV.

The program applies not only for persons who want to study in a campus every day. There are even opportunities for moms to obtain their degrees from the comfort of their computer room and taking care of their kids. You would be surprised at the number of well-known universities that now offer such programs.

Moms can study on campus, in community colleges, junior colleges, universities and private institutions for their degrees. Single moms have the ability now to apply for a vast number of scholarships. Women can use these to pay for direct college fees or other expenses such as daycare while they are in class. Women can also use the money to help with daily living expenses such as food and utilities.

Application to President Obama’s scholarships for moms program is tilted toward Pell grants and Federal Supplemental Educational Opportunity Grants (FSEOG). Women are now being positioned into more and more leadership roles because of their background and not their appearance.

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Tags: American, Extra, Gives, Grant, Moms, Money, Obama's, Program, Scholarship, Women

Obama’s New SBA Small Business Loan Program: 90% Guarantee Provides Welcome Relief

On March 16, 2009 President Obama, in a long awaited address, finally reached out to the 27.2 million small businesses in this country and extended his hand. He may not have gone to the mountain, but he certainly walked down Main Street and acknowledged the perils of struggling small business owners. And it was just a matter of time that he did so. After all, the American Recovery and Reinvestment Act of 2009 (“Recovery Act”) nicely laid out beneficial provisions for small businesses and just as promised, regulations have come out by the SBA to start the ball rolling. And I’m not talking about more government promises or red tape, but bottom line capital to be infused into the coffers of deserving business owners. So let’s roll up our sleeves and see one of the more important elements that was put into place on Monday.

When the Small Business Act was enacted in 1958, it had a very simple mission. Find a way to get loans to small businesses that couldn’t get them through traditional channels. It did this in an ingenious way. They knew banks where reluctant to loan to small businesses, especially startups, because of fear of failure. So the SBA collected a fee on each loan and used this as a fund to pay banks if there was a default. Bingo, there was invented the SBA guarantee fee. It doesn’t take a degree in rocket science from MIT and an MBA from Harvard to know this gives incentives to the banks to make more loans.

SBA loan programs historically had guarantees of 85% for loans of 0,000 or less and 75% for loans greater than 0,000 (13 CFR Part 120). On the other hand, there are some programs that only go as high as 50%, including the Express Loan program (for those types of loans the new guarantee will not change).

As we all know, on February 17, 2009 the President signed into law the Recovery Act which, under section 502, authorized the SBA to guarantee loans up to 90%. On Monday, the SBA completed its review of the legislation and announced in a Policy Notice that indeed the guarantee would go up to 90% effective March 16th under the various 7(a) SBA loan programs.

Think about this for a moment. Simple math tells us more guarantee, the greater the likelihood of the bank making the loan. For goodness sakes, 90% is tapping on the door of a 100% guarantee! Also note the guaranteed portion is typically sold on the secondary market (which has recently shut down to almost nothing) so there is more chance for loans to be sold and more money to go back into the coffers of the banks for further lending.

Now let us translate this into popular programs for small businesses. The Community Express Loan Program allows quick and reasonably priced SBA loans up to 0,000 (although most lenders are dispersing monies in the neighborhood of between ,000 and ,000 unsecured). They are now guaranteed to 90%. And remember there are lenders now making such a loans even in this economy. The equally popular U.S. Patriot Express Loan Program for veterans and their spouses or windows, goes to 0,000 and is also guaranteed now to 90%. At the same time, the workhorse 7(a) loan program, which is usually for loans in the hundreds of thousands of dollars, was likewise increased to 90%. Not to bore you with the details, but the only exceptions are almost minuscule, namely the guarantees are not used for business ventures involved in gambling, aquariums, zoos, golf courses, or swimming pools. Further, the SBA will not issue a guarantee to a borrower that hires, recruits, or refers for a fee, employees that are unauthorized aliens as defined by the Secretary of Homeland Security.

And it gets even better. Banks that are already SBA lenders don’t have to do anything different in the loan process. Namely, there is no change to the submission process to get a SBA guarantee loan number. They simply get their approvals from the same central processing units throughout the nation as they did before. The same streamlined paperwork.

Of course, taxpayers’ dollars will be funding these guarantees, especially since the borrower no longer pays for a guarantee fee on closing. In other words, the 90% guarantee will stay in effect as long as there is money appropriated by Congress. The current estimate is that approximately .7 billion will be allocated for these guarantees, of course depending upon the loan volume and default rate.

So how will the banks react to this news? Many experts predict in a favorable manner. Obviously, with a 90% guaranty, there is less risk if the loan goes south. This also means the traditional robust secondary market for purchasing government backed loans, once it starts to kick-in, will also find them desirable for purchase in investment pools. There is also another intangible you don’t read about in the news: The environment in Washington has never been better for small businesses. You now have an Administration that respects small businesses and wants to do everything it can to engender their success.

Translation: banks are comfortable with the new SBA (as opposed to the more insular and contentious regime under the Bush administrations that spent more time fighting and failing to communicate with lenders than trying to treat them as partners) and so more willing to make loans even though the default rates go higher. They know the Obama Adminstration will probably understand the situation because of current market conditions.

So for the small business owner, this news of 90% guarantees is very favorable. Why did it take them so long?

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Tags: Business, Guarantee, Loan, Obama's, Program, Provides, Relief, Small, Welcome

Obama’s 2009 Scholarship For Moms Program Gives Mothers Up To $10,000 In Funds

If you are a single mom, I would be willing to bet that you have learned how to really stretch a dollar.  There are many things that you do without so that your children will have what they need.  Often, I am sure you find yourself saying, “No,” when you would love to say yes to their wants.  A college education would provide you the skills and knowledge to compete for higher paying jobs, but you probably wonder how you would ever afford going to school.  The answer comes from Congress and the stimulus package in the form of government scholarships for moms.

These scholarships are designed especially for moms so that they can receive higher education. President Obama believes that all Americans are entitled to college or technical school. Because of this belief, he was adamant about the government scholarships being included in the stimulus package.  You may be eligible to receive up to ,000.00 for the school year.

The great thing about these scholarships is that they are renewable and they will increase over the next few years. Government scholarships have been around for awhile in the form of Pell Grants. These grants are given to people based upon their income. As a single mom, you should have no trouble qualifying for the full scholarship.  In addition, you will never have to pay anything back because they are not like student loans!

With ,000.00 you will easily be able to afford tuition and books at many colleges.  If you have money left over, you can use it for whatever you like. Perhaps you need a new laptop for your classes or your car needs some major work.  These are the types of things that you can use the money for.

Maybe you would love to go to school and the government scholarships appeal to you but you have no idea how you will find time to do it.  Well, you need to do what many single moms are already doing which is attending classes online.  There are many accredited universities that have full degree programs available totally online.  This is a convenient way to take your courses when you have to work as well.

You owe it to yourself and to your children to give a serious look at returning to college. With the government scholarships for moms, you cannot go wrong.

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Tags: $10000, 2009, Funds, Gives, Moms, Mothers, Obama's, Program, Scholarship

Obama’s Increased Funding For School Grants – Every Mother Will Return To School

Studies have been lately concluding that single mothers and teenage mothers usually drop out of school to find jobs that would help them earn their livings. However, the current work market entails that without earning a school degree, mothers are left with low paying jobs that aren’t enough for their children’s needs. Obama has decided to exploit more federal financial aids to help mothers return to school or even go to college and seize better career opportunities.

The new Federal Pell Grant is making the impossible a reality for all mothers who are eager to return to school. Whether you’re a single mom, a teenage mom, a handicapped mom, a working mom or even a mother who can’t leave home for school, the new bill has a solution for you to help you complete your studies and earn the degree you’ve always dreamt of.

The federal government is increasing the funding for single mother scholarships to 5000$ instead of the past 4000$ limit. Moreover, special non-profit organizations can help single mothers qualify for receiving up to 10000$ worth of scholarships. The federal aid is targeted to be spent on educational fees, learning courses, E-learning programs and even bills of internet service providers in some cases.

Obama’s new administration is spending more than ever to help mothers complete their studies and even earn college degrees without even having to leave their homes. Scholarships are available for single mothers who prefer to adopt an online learning approach. Recent statistics have proved that students who study online usually perform better on tests than ordinary on-campus students. The recent evolution of E-learning and online tutoring interactive techniques is offering every mother the chance to learn effectively from home without worrying about hiring a babysitter. Hi-tech virtual classes allow learners to attend live online lectures of professional teachers and professors. The new techniques allow mothers to interact with their tutors and colleagues in a way that is of optimum benefit to those learners. Filling a free application for federal student aid (FAFSA) is the first step a mother should do to begin the hunt for government grants for education.

Obama has passed a bill that is expected to increase the funds for mothers’ scholarships and educational grants. The new bill is a smart plan that will enable every single mother in America to return to school and earn a degree that could be a key to finding better career opportunities.

Tags: Every, Funding, Grants, Increased, Mother, Obama's, Return, School

Obama’s plan rewards over-reliance on others

Our community organizer president put forth a plan to reduce the deficit that reeks of past Democratic strategies — class warfare and tax the rich, while assuring those on sacred entitlement programs security.

Island Packet: Letters to the Editor

Tags: Obama's, Others, overreliance, Plan, Rewards.

Learn How Mothers Like You Can Receive Free Money and Scholarships Through Obama’s Program

This is the best time to be a mom and have the desire to return to college to begin or complete your degree. Thanks to the stimulus package moms now have a golden opportunity. If you have always had the will but not the means to seek higher education, the federal government would like to give you a scholarship to the tune of ,000.00 per school year so that you can get started.

This is free money with no strings attached. All that you have to do is work hard and complete your program. Many moms would like to have a better job and better hours. Some of us have had to settle for a job that is less than desirable. But we worked because it was the only job we could find that matched the qualifications that we had.

Now, you have the chance to choose a profession that you have always wanted. President Obama believes that all Americans have the right to a higher education. That is way the scholarship for moms program was included in the stimulus package.

For years, our government has provided assistance in the form of Pell Grants. This is money that is given based on financial need. Unfortunately, the amount given has not kept pace with the rising cost of college. With the increase in those grant awards, you will be able to afford your tuition, books and still have some money left for other living expenses.

You need to get started today by making an appointment with the local college. Find out what they offer and talk with their financial office. Receive your share of the free scholarships for moms and you will be on the road to a better future.

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Tags: Free, Learn, Like, Money, Mothers, Obama's, Program, Receive, Scholarships, Through

President Obama’s Government Scholarships For Moms

The Obama Administration has adopted a program wherein mothers can return to colleges and universities and take hold of a college degree. This fact is not known to most women in the country.

With the current economic condition, women and moms might consider the chance to go back to school, as offered by the Federal Government. Mothers who have devoted their years and efforts in the caring of their family should grab this opportunity and reward themselves by achieving something. At present, we are facing an economic crisis. But we have to consider the fact that the economy has its ups and downs and once the day comes that it will become stable again, jobs and opportunities would come, ready for the taking. So going back to school today is an investment for the future.

The Pell Grant is a program of the Federal Government spearheaded by the Obama Administration. It is designed to support students who are financially incapable of paying for their education. The grant given to deserving students has been raised from 50 to the amount of 00 and still increasing. Applying for said grant is simple; you just have to search for a college or university which honors said grant and then fill-up an online form called the FAFSA. And as pronounced by the American Opportunity Tax Credit, the first 00 is free from any deductions.

If the problem is the impossibility of studying in a campus or commuting from ones home to a college or university, worry no more. There is a way to get a college degree without the need of quitting ones job or sacrificing quality time with children. Advancement of information technology has solved this problem, studying online is one way of finishing ones education. Getting a degree may be had at the comforts of ones own living room. Tons of grants are being offered today for mothers, grab the opportunity and follow your dreams!

Tags: Government, Moms, Obama's, President, Scholarships

Obama’s Small Business Stimulus Loans–Are They Coming Our Way?

As Americans we have experienced the full gamut of emotions after hearing TARP I handed 350 billion to big banks, but no money filtered through to small businesses in the form of loans. In fact, the spicket was turned off completely after receipt of the bailout money. But putting down the front page of our local newspaper for a moment, what is it like in the trenches? Are the banks really denying capital to businesses across the nation? And how are they treating them in this crisis. You’ll be saddened to hear it is every bit as foreboding as you have heard, or even worse.

Mrs. Smith is the classic poster child of female entrepreneurial success. Starting as an everyday real estate agent, over the last 24 years, she has built an amazing corporate edifice consisting of several real estate sales branch offices and now employs 170 people. Her thriving business came as the result of untold hours of toil in which she describes herself as a “serial workaholic”. As a result, she is considered one of most productive real estate offices in the state. Over the years, she had a strong relationship with a big bank and took out eight loans and lines of credit. All had been payback and were never late a single day. Her credit score is excellent and reports no negatives. Needless to say, as most businesses, she relies upon the line of credit to put her over the hump during times of lower cash flow. What happened next could not have been conjured up in your worst nightmare.

One afternoon on January 30, 2009, she received a call from her bank. In the past, she looked forward to receiving these calls because they were so energized and cooperative. They made her feel special. Her credit rating was so good, that twice she merely called up the bank manager, speaking to him by his first name, and was able to extend the line of credit by a simple verbal request. In those days, the conversations were something like: “Hello Mrs. Smith. I trust everything has been good with your business and family. How is your son John enjoying the college life? Sure–we’ll be delighted to extend your credit line again and I will have one of my associates prepare the paperwork and get it over to you as soon as possible. Look to speaking with you soon.” Today was different. Her CPA was in the office that afternoon picking up profit and loss sheets when the call came in. It was not the manager. It was someone at the bank she had never met.

“Is this Mrs. Smith? I am Frank Thompson with ABC Bank.” He began with a twang that could only be described as consummate arrogance.

“Well hello. How are you today?” Mrs. Smith said cheerfully.

“Fine. Mrs. Smith, I assume you’re busy so let me come right to the point. We have reviewed your loan accounts and effective immediately I am notifying you that they are being called and are now due and payable.” It came to her in words that were abrupt and stinging. Although her heart skipped a beat, her first reaction was they must be calling the wrong person. She immediately motioned her CPA to get on the line.

“Hi. This is Mr. Evans, Mr. Smith’s CPA. Would you be so kind as to repeat what you just told Mrs. Smith?”

Mr. Thompson was clearly agitated in having to repeat himself: “I’m really not accustomed to having to repeat myself, but I will tell you again. Mrs. Smith’s 0,000 line of credit is canceled effective immediately and all sums are due and payable. Do I make myself clear?

“I’m sorry, we don’t understand. Is there a problem with the account? To my knowledge Mrs. Smith has always paid her monthly installments on time and his current as we speak.”

To say Mr. Thompson was rude was an understatement. Now he became even more bothered by the conversation: “It’s clear you don’t understand. I would suggest that you read the clear language of the loan agreement that gives us the option of doing so at any time with two weeks notice. I am giving you this notice now. Having said this in very simple language, I assume you have the basic intelligence to understand what I just said.”

“Sorry, but we’re just trying to be able to digest this news. This is very serious. We can’t just pull out our checkbooks and a make a full payment on one day’s notice . You don’t have to be rude to us.” Although still in shock, Mrs. Smith tried your best to soften the conversation.

Mr. Thompson was now eager to end the conversation. “Let me make it even clearer. Based on what I just told you, our bank no longer has a business relationship with you. You would be well advised to take steps to pay this account so that legal action is not necessary.”

“Please understand that we need some time to think this through . . . I should . . . I mean I need to get a hold of the manager first,” she pleaded.

“I’m handling the account now. You are not to talk to anyone else but me.” The tone of of his voice was unmistakable and threatening.

At that point the conversation went steadily downhill. She and her CPA spent the rest of the day going over the books and speaking with their attorney.

Sound like something that cannot happen in America to a successful small business? Well, think again. These are exact quotes of the conversation. The big bank is simply stomping out big small businesses to improve their balance sheets. The lifesaver that has thrown to the big banks in the hopes they would pass it to small businesses on Main Street has simply not happened. It is at least understandable if a large bank decides not to make a new loan in this challenge economy. But it’s another thing altogether to cancel existing loans with good customers.

Is this an isolated occurrence? Not all. Here is another example. Robert Picou is the President of the California manufacturing company known as California Ribbon and Carbon Co., Inc., with a plant located in Los Angeles. Robert is the epitome of the seasoned business owner, knowledgeable, practical, optimistic, and understandably proud of his company’s heritage. After talking to him, you get the uncontrolled urge to get in the car and drive out to his plant. You get the image of a certain industrial vibrancy which is missing in America.

He should be proud. It is a story right out of the movies. In 1939, his father started selling old fashioned manual typewriter ribbons door to door to business owners in the Los Angeles area. But unlike Willy Loman in “Death of a Salesman”, he made it into a real success. 70 years later this closely held family corporation has continued to thrive. To manage the ruts along the way, twenty years ago he took out a business credit card with a well known company and secured a large credit line. Needless to say, he has paid it on time ever since. But then he got a sudden and unexpected surprise in the mail. The credit card company unilaterally cut his credit line and froze up this access to working capital.

He wasn’t especially daunted by this news because after all, he had a longstanding relationship with his large bank. All we needed to do was call them up and ask for an extension of his line of credit. His bank did get 0,000,000 in TARP money to presumably free up the money. Ten years ago he owed them as much as .4 million, but because of the success of his business, was able to pay it down to ,000. A perfect candidate to receive some of the bailout monies and create an even more positive cash flow for him and the neighboring economy. No problem, right? Wrong again.

With no explanation, his bank turned him down flat. Asking why, he has yet to receive a credible answer. With orders piling in, his company is now on the unenviable position of not being able to fund all the orders received. Not to mention the rippling effect it has on his suppliers and employees, all of which have a tangible stake in our troubled economy. It is apparent that large banks have no intention whatsoever of using bailout monies for the benefit of small businesses.

Now the good news. Smaller community banks are interested in your business through the vehicle know as an SBA guaranteed loan. These institutions are using the incentives given by the SBA guarantee to cut their risk of loss and build up a better portfolio to be sold on the secondary market. You just have to find the right bank. At least someone realizes the foundational strength small businesses give to the overall economy.

Tags: Business, Coming, LoansAre, Obama's, Small, Stimulus, They

Obama’s Return To School Grant For Moms – Finish College With Free Money

President Obama’s “Moms Return to School Grant” is such a fantastic opportunity to carry on your education. The president has asked each American to consider getting more education so that the united states can continue being competitive on the world stage. Obama hopes that the nation will have a higher number of college graduates compared to any other nation by the year 2020.

As part of this desire the president has designed numerous financial aid programs that will assist mothers further their education.

A proven way of doing this is to increase the Federal Pell Grant from its former 50 to 50. Not only could this added 00 go toward school tuition but every day costs along with day care as well.

He’s additionally restructuring how student education loans. As opposed to continuing to allow banks control and charge high fees for Stafford Loans, a non-profit govt agency is going to oversee these loans.

Obama’s plan also will involve transforming the way student loans work. For quite a while, the inflation rate has lagged a long way behind climbing tuition costs at schools throughout the country.

The president also urges educational institutions and universities to reassess their prices. It’s really no mystery how the cost of tuition has far the rate of inflation for quite a while these days.

Obama’s challenge has triggered several tangible changes as well. For instance, the 2,000 college students that are recipients of this new “Obama Scholarships” offered through Arizona State University can get financial support pertaining to college tuition, room and board, along with other expenditures.

The timing has never been more suitable for parents who’re excited to return to college and earn a degree. With President Obama’s constructive changes for the higher education financial assistance system, many parents will certainly get the chance to further improve their own lifestyles by way of education.

Tags: College, Finish, Free, Grant, Moms, Money, Obama's, Return, School