On Thursday, May 21, the House Education and Labor Committee will hold a hearing to examine proposals that will make historic increases in college aid by enacting reforms that will make the nation’s federal student loan programs more reliable, effective and efficient for students, families and taxpayers.
One of the proposals the committee will examine is President Obama’s FY 2010 budget proposal, which would increase the Pell Grant scholarship and other forms of student aid by almost $100 billion over ten years – and at no cost to taxpayers. The President’s plan would be paid for by ending the subsidies the federal government currently pays to lenders in the federally-guaranteed student loan programs and re-directing those savings back into additional aid for low- and middle-income students
Archived Webcast »
One of the proposals the committee will examine is President Obama’s FY 2010 budget proposal, which would increase the Pell Grant scholarship and other forms of student aid by almost $100 billion over ten years – and at no cost to taxpayers. The President’s plan would be paid for by ending the subsidies the federal government currently pays to lenders in the federally-guaranteed student loan programs and re-directing those savings back into additional aid for low- and middle-income students
Witnesses:
- Christopher Chapman » President and Chief Executive Officer Access Group Wilmington, Delaware
- René Drouin » President and CEO New Hampshire Higher Education Assistance Foundation Concord, New Hampshire
-
Anna M. Griswold »
Assistant Vice President for Undergraduate Education and
Executive Director for Student Aid Pennsylvania State University - Dr. Charles Reed » Chancellor the California State University
- John F. Remondi » Vice Chairman and Chief Financial Officer Sallie Mae
- Robert Shireman » Deputy Under Secretary U.S. Department of Education
- Dr. Richard Vedder » Professor of Economics Ohio University Athens, Ohio
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