In today’s job market, to have a good paying job, one must have a high quality education. The cost to attend colleges and universities are increasing, and as a result, more students are not completing their degrees. The higher the level of education, the less likely it is for a student to finish their degree requirements. The Obama Administration has made investments to towards student’s financial aid. Pell grants has increased by more than $1,000, and the American Opportunity Tax Credit was credit to help pay for up to $10,000 over the four years. It was found that most students exhaust their pell grants after two semesters. There is an On Track Pell Bonus that would assist student in staying on track to complete their college education.
