An affordable college education is one step closer. Earlier this week, President Obama signed into law a major reform to the way college loans and financial aid are handled in this country.
Here are some highlights of these reforms:
Funding for Pell Grants will keep pace with rising college costs, so more families can afford to send their kids to college.
Annual student-loan repayment amounts will be capped, so lower-income students won’t have to worry that their education will end up costing more than they can afford.
Tax credits for families putting their kids through college will be tripled.
The reforms also save the taxpayers millions every year by cutting government subsidies to banks.
In short, more American kids will be able to afford to go to college than ever before. Thanks to you.
For years, you’ve been asking Congress to help America’s college-bound kids. In December, education voters from across the country wrote their senators to let them know that we can’t allow rising college costs to prevent our kids from getting the education they need. And just last week, hundreds more sent the same message to Congress before the big vote.
Even in the midst of the health-care debate, one thing was clear: education is still a priority for Americans, and we’re glad to see that Congress and the president made it a priority as well.
Thank you. Your voices helped persuade Congress to make college more affordable.
An affordable college education is one step closer. Earlier this week, President Obama signed into law a major reform to the way college loans and financial aid are handled in this country.
Here are some highlights of these reforms:
In short, more American kids will be able to afford to go to college than ever before. Thanks to you.
For years, you’ve been asking Congress to help America’s college-bound kids. In December, education voters from across the country wrote their senators to let them know that we can’t allow rising college costs to prevent our kids from getting the education they need. And just last week, hundreds more sent the same message to Congress before the big vote.
Even in the midst of the health-care debate, one thing was clear: education is still a priority for Americans, and we’re glad to see that Congress and the president made it a priority as well.
Thank you. Your voices helped persuade Congress to make college more affordable.