To expound the Obama administration's impact on post-secondary educational funding, WorldWideLearn.com has published a new article entitled Obama on Education: After 100 Days, Education Still a Presidential Priority. Through in-depth research and thorough analysis, Obama on Education discusses why the President has spearheaded new funding initiatives and how each one could influence the financial aid landscape for years to come.

"In a global economy where the most valuable skill you can sell is your knowledge, a good education is no longer just a pathway to opportunity," says President Obama. "It is a prerequisite."

Data from the Bureau of Labor Statistics (BLS) supports the President's assertion. In 2008, high school graduates earned 50 percent less and suffered a 50 percent higher unemployment rate than their counterparts who held bachelor's degrees. Statistics vary slightly for those with associate's or master's degrees, but the correlation between higher education and earnings and lower unemployment rates remains clear.

President Obama's funding for education comes from two primary sources -- the American Recovery and Reinvestment Act (ARRA) of 2009 and proposed funding increases in the 2010 federal budget. ARRA provides $30.8 billion to address college affordability by increasing funding to the Federal Pell Grant and Work Study programs. The Act also grants a $700 bump to the IRS tuition tax credit. The 2010 federal budget proposes mandatory funding for Pell Grant, origination of future federal student loans through the federally-funded Direct Loan program and sweeping changes to the Federal Perkins Loan program.

For those considering a first degree, upgrading an existing degree or changing career paths, WorldWideLearn.com meets these challenges with Education Resources and information about online degrees, career education programs, online MBAs and online courses.

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