Tuesday
Sep152009
House May Provide $87 Billion In Financial Aid For Students
Congressman George Miller (D-CA) said Tuesday the House will consider an $87 billion piece of legislation aimed at making college more affordable.
“The Student Aid and Fiscal Responsibility Act ... will allow us to invest $87 billion dollars to make college more affordable, to build a world class community college system, to improve opportunities for our youngest students to succeed and to pay down our deficit,” Miller said during a press conference.
According to Miller, the Act represents the single largest investment of federal college aid in history. Miller said it would give students more help in covering their tuition and expenses, including a historic investment in the Pell Grant Scholarship program, better opportunities to prepare for 21st century jobs and improved financial aid programs.
Miller stressed that Congress will be able to do this with no cost to the taxpayers by undertaking what he described as long overdue student loan reform.
Secretary of Education Arne Duncan said that improving education is essential to recovering the U.S. economy, adding that it will also improve the U.S.' standing in the international community.
“People still think we do lead the world [in education]. That hasn’t been true for probably two and a half decades. We’re stagnated, we’re flat-lined and other countries have passed us by,” Duncan said.
“We’re not asking the taxpayers for one single dollar. We’re simply making the choice to stop subsidizing banks, to invest our young people back here,” Duncan added.
House Speaker Nancy Pelosi (D-Calif.) said the President's outlook of economic recovery had three pillars: education, healthcare and energy policy.
“This was in the context of a budget that was fiscally sound that we gave tax cuts to America’s middle class would reduce the deficit,” Pelosi said.
“The Student Aid and Fiscal Responsibility Act ... will allow us to invest $87 billion dollars to make college more affordable, to build a world class community college system, to improve opportunities for our youngest students to succeed and to pay down our deficit,” Miller said during a press conference.
According to Miller, the Act represents the single largest investment of federal college aid in history. Miller said it would give students more help in covering their tuition and expenses, including a historic investment in the Pell Grant Scholarship program, better opportunities to prepare for 21st century jobs and improved financial aid programs.
Miller stressed that Congress will be able to do this with no cost to the taxpayers by undertaking what he described as long overdue student loan reform.
Secretary of Education Arne Duncan said that improving education is essential to recovering the U.S. economy, adding that it will also improve the U.S.' standing in the international community.
“People still think we do lead the world [in education]. That hasn’t been true for probably two and a half decades. We’re stagnated, we’re flat-lined and other countries have passed us by,” Duncan said.
“We’re not asking the taxpayers for one single dollar. We’re simply making the choice to stop subsidizing banks, to invest our young people back here,” Duncan added.
House Speaker Nancy Pelosi (D-Calif.) said the President's outlook of economic recovery had three pillars: education, healthcare and energy policy.
“This was in the context of a budget that was fiscally sound that we gave tax cuts to America’s middle class would reduce the deficit,” Pelosi said.
tagged Duncan, Laura Smith, education, pelosi in Frontpage 1
D.C. Mayor Unveils First School Produced By $2 Billion Education Campaign
D.C. Mayor Adrian Fenty unveiled the Walker Jones Education Campus Tuesday, a new $50 million K-8 public school that is part of an eight year, $2 billion campaign to rebuild and modernize all schools in the sixth congressional district.
The 100,000 sq. ft. campus includes a 20,000 sq. ft. recreation center and a 5,000 sq. ft. library that will be open to the public during non-school hours. This campus is the first in D.C. to combine a school with a public library, recreation center, and athletic amenities.
"[Projects are being completed] on-time, on budget, and we get more out of these public projects than you’d see in any private sector buildings," Fenty said during the opening ceremony.
The campus is part of what Fenty described as a "grander vision" to improve the Northwest #1 neighborhood near Capitol Hill, noting that the project created more than 150 jobs during its construction. The mayor ensured that he will “keep working to make sure those jobs keep going to neighbors around the projects.”
“So many great schools in our area are finally seeing the upgrade that they deserve,” he said. Although D.C. schools are “not all the way there,” Fenty said, “if you had to pick three school districts in the entire country that are headed in the right direction, according to any of the top critics, we would make everybody’s top three list.”