WASHINGTON, Feb. 7 /PRNewswire-USNewswire/ -- The following was
released today by the Office of the Speaker of the House:
Speaker Nancy Pelosi issued the following statement today after the
House overwhelmingly passed H.R. 4137, the College Opportunity and
Affordability Act. The bill, which builds on a law passed last year that is
the largest increase in student aid since the 1944 GI Bill, includes
additional steps to make college more affordable and accessible.
"Making college more affordable is essential to building a strong
middle class, ensuring America's competitiveness by investing in a new
generation of innovators, and creating good paying jobs here at home. The
New Direction Congress is building on last year's historic investments in
college affordability today by helping hold down rising tuition costs,
simplifying the financial aid application process, and reforming
unscrupulous student lending practices.
"Last year, the New Direction Congress cut student loan interest rates
in half and boosted the maximum Pell Grant to $5,400 -- the largest
investment in college financial aid since the GI Bill in 1944.
"Today, the House is again investing in our nation's economy, job
creation, and our children's future by making college even more accessible
and affordable for the middle class and those who aspire to it."
SOURCE Office of the Speaker of the House
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CONTACT:
Brendan Daly or Nadeam Elshami, both of the
Office of the Speaker of the House, +1-202-226-7616
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