Education Bill Benefits Youth Adopted from Foster System
The College Cost Reduction and Access Act, signed by President George W. Bush on September 27, 2007, includes an amendment that makes college more financially accessible for youth who were in foster care. Effective on Oct. 1, 2007, under this new law, youth adopted from the foster care system after their 13th birthday will not have to include their parents' income in the calculations for determining their need for financial aid. This critical amendment in the Act benefits youth adopted after age 13 who spent any time in foster care to have their financial aid eligibility be determined solely by the student’s ability to pay, regardless of his or her adoptive family’s income level. This measure assists families who adopt teenagers and who may not have been able to accumulate a college savings account for them. The law will also provide loan forgiveness to child welfare workers.
To read the new law, go to: thomas.loc.gov and click on the link "Public Laws" and view the public law ranging from 110-51 to 110-86.
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