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Making Higher Education More Affordable

Posted by Mitchell Rivard | April 11, 2010

When President Obama signed the Health Care and Education Reconciliation Act of 2010, it meant the beginning of real reforms and critical investments to our higher education system. By strengthening the Pell Grant program, investing in community colleges, extending support for Historically Black Colleges and other Minority Serving Institutions, and helping student borrowers manage their student loan debt, we will make college more affordable and enable more Americans to earn a college degree.

What this new legislation means for students:

+ $40 billion more in the Pell Grant program to ensure that eligible students receive an award, and that awards increase to keep pace with rising tuition.

+ A $2 billion investment over four years for community colleges to develop, improve, and provide education and career training programs.

+ Students will  be able to choose to limit their student loan payments to 10% of their income, with any remaining balance forgiven after 20 years. And public service workers can have their loans forgiven after 10 years.

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April 10th, 2010 | Category: Blog

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