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“Two years ago, Democrats were proud to lead the way in passing the single largest investment in college aid in our nation’s history. With the Student Aid and Fiscal Responsibility Act, we lowered the cost of student loans, strengthened community colleges, increased the maximum Pell Grant, and invested in Historically Black Colleges and Universities and Minority Serving Institutions.”

This afternoon, the House passed the Student Aid and Fiscal Responsibility Act (HR 3221) by a vote of 253-171. The bill ensures that higher education is more affordable at no additional expense to taxpayers — in fact, it saves money. More students… Continue

The economic recession has made the growing college affordability crisis even worse for America’s students and families. Expanding access to an affordable college education is one of surest ways we can build our way out of this recession, and build a stronger,… Continue

“The Student Aid and Fiscal Responsibility Act of 2009 makes dramatic investments in ensuring that higher education is more affordable, and it does so at no additional expense to the taxpayers – in fact, it saves money. This legislation transforms the financial aid system to put students first, and gives students and their families more reliable and effective loan options.”

“Our nation’s economic competitiveness depends on young Americans having access to the highest quality education available, regardless of financial need. That is why it is so significant that tomorrow we are launching a new initiative that will cap student loan payments in light of a borrower’s income.”

With today's economy squeezing families and tuition prices continuing to soar, the high cost of college remains a top concern for Americans. However, there is some good news for college students and their families – tomorrow, a new initiative will take effect… Continue

The House has just passed the final House-Senate agreement on the College Cost Reduction and Access Act, H.R. 2669, which would make the largest single investment in college financial aid since the GI Bill of 1944. The bill will now go to… Continue

Testimony offered yesterday before the Senate Banking Committee raised questions about whether some student lenders are using inappropriate criteria to determine the loan terms and other borrower benefits they offer to students at different colleges — that is, whether the lenders may… Continue

From the Education and Labor Committee: Federal Trade Commission Launches Inquiry Requested by Chairman Miller into Deceptive Lender Marketing Practices WASHINGTON, D.C. — The Federal Trade Commission has launched an inquiry requested by U.S. Rep. George Miller (D-CA) into the unfair and… Continue

“‘Today, the House will take much needed action to clean up the student loan industry and ensure that students and their families can trust the student aid system they rely on to afford college.”