The down economy has some students worried about getting financial help when they head to college.
"Interest rates are at all time lows," expresses the Dean of Admissions at Millsaps College.
Michael Thorp says that's good news for students enrolling in higher education.
"Financial aid comes in many forms: grants, scholarships and loans," explains Thorp.
He tells us, the Pell Grant is one of the many federal programs, based on income, which is available to students.
"Two years ago the Pell Grant increased to $5550," recalls Thorp.
Lawmakers say the down economy should not prevent students from getting the financial help they may need.
"We think the universities will still have that money available. We’ve seen in many situations where grants received and they didn't finish school. Those days are coming to an end," comments U.S. Rep. Gregg Harper, (R) District 3.
They’re hoping that those individuals who are serious about their education will have the access to the needed funds.
Thorp adds many schools try to avoid raising tuition rates when the economy is slow to keep students coming.
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