News Release
02/12/08 | ||
Spratt Votes for Bill to Address Rising College Costs | ||
WASHINGTON – U.S. Rep. John Spratt (D-SC) voted for legislation to address the soaring price of college tuition and remove other obstacles that make it harder for qualified students to go to college. The House approved the bipartisan College Opportunity and Affordability Act (H.R. 4137) on February 7. It would reform and strengthen the nation’s higher education programs to ensure that they operate in the best interests of students and families. The legislation is the second major step that the new Democratic Congress has taken to make college more affordable and accessible for all qualified students. Last year, Congress enacted legislation providing for a $20 billion increase in college financial aid over the next five years, the largest increase in student aid since the G.I. Bill of 1944. “Higher education should be as accessible as high school, and passage of this bill makes that more likely,” Spratt said. An October 2007 report by the College Board showed that, over the previous five years, tuition and fees had increased across the board at public and private colleges. In South Carolina, tuition and fees at public and private four-year colleges grew by 6 percent between 2006-07 and 2007-8 and by 4 percent at public two-year schools. The bill would address these rising prices by encouraging colleges to rein in price increases, ensuring that states maintain their commitments to higher education funding, and providing students and families with consumer friendly information on college pricing and the factors driving tuition increases. The legislation also strengthens provisions previously approved by the House to avoid conflicts of interest in the student loan programs. The bill’s new provisions include requiring better consumer disclosures and protections on private student loans. In addition, the College Opportunity and Affordability Act would:
H.R. 4137 is a comprehensive reauthorization of the Higher Education Act, the primary federal law aimed at expanding college access for low- and middle-income students. The bill is supported by a broad coalition of students, colleges and universities, consumer rights advocacy groups, and minority organizations. ###
|