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PHEAA's Higher Education Gifts Initiative to Benefit Hundreds of Thousands of Pennsylvania Students; $1 Billion in Free Programs and Services Over Five Years.

Publication: PR Newswire
Publication Date: 02-FEB-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
HARRISBURG, Pa., Feb. 2 /PRNewswire/ -- Governor Rendell, legislative leaders and the Pennsylvania Higher Education Assistance Agency (PHEAA) today announced a new higher education funding initiative to provide $55 million in additional grant aid to Pennsylvania students during the 2005-06 academic year. This is in addition to the $100 million PHEAA currently provides annually to the Commonwealth in the form of scholarships, loan forgiveness, student loan discounts and college planning tools.

PHEAA also committed to increase funding for the Higher Education Gifts Initiative by $7.5 million annually over the next four years. These funds will be used to supplement the Commonwealth's grant appropriation, making additional grant aid...

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