Unemployment rates are staggering especially in some states where numbers have hit the double digits. Finding a job is competitive enough in today's environment yet many are also finding that their skill set is no longer up to date or they are just not happy with their current careers.
For many in this position, the idea of changing careers and going back to school is tempting yet that costs money. And if you are unemployed, money just may be what is stopping you from going back to school. So it becomes a dilemma. Not so fast. If you are finding yourself in this position, perhaps it's time to learn more about the Recovery and Reinvestment Act of 2009.
Passed as one of several stimulus bills, one aspect of this bill is the Pell Grant which is putting a degree within reach. Much of the intent of the bill is to invest in our country's future economy. By making education opportunities more available to those in need, it is believed that we will help those without jobs get back to work by teaching new skills. The maximum award is up to $5,350 for 2009-10.
With the passage of the Student Aid and Fiscal Responsibility Act, part of the act calls for an investment in the Pell Grant program by increasing the maximum annual Pell Grant scholarship to $5,550 in 2010 and to $6,900 by 2019. Starting in 2011, the scholarship will be linked to match rising costs-of-living by indexing it to the Consumer Price Index plus 1 percent.
For those who are unemployed and receiving unemployment benefits, you may qualify for assistance in paying for education and training through the Federal Pell Grant program. This is only one example of several federal student aid programs available to assist unemployed workers. Applying for financial aid and finding education and training are not difficult. For assistance, visit http://federalstudentaid.ed.gov/opportunity/index.html.
There are many other features to these government bills including grant programs between community colleges, businesses and adult education programs that provide funds to improve local workforces. Some aspects of these programs may lead to a college degree, certificate or credentials to help fill community workforce needs.
There has never been a better time to update your skills, change careers or return to school—our government is offering many affordable options to get you back into the workforce.