The U.S. Department of Education supplies 70 percent of the financial aid to college students in the United States through Pell grants, work-study aid, and college loans. For the facts about financial aid, call 1-800-4-FED-AID. The President has proposed new major initiatives to expand financial aid to help families pay for college (e.g., a $1,500 HOPE Scholarship as a tax credit for the first two years of college and up to a $10,000 tax deduction per family per year for college). Also, the U.S. Department of Education's FY 1998 budget requests $6 million to supplement state efforts to pay for the Advanced Placement fees of low-income students and $5 million to expand tech-prep programs. Funds are available from the U.S. Department of Education to underwrite the initial costs of planning and establishing school-to-career systems at the state and local level. For more information on school-to-work funding, contact your state department of education or call 1-800-251-7236.
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