Student Aid and Fiscal Responsibility Act | House Democrats

Legislation

Student Aid and Fiscal Responsibility Act

November 5, 2009

Democrats have provided the single largest investment in aid to help students and families pay for college in history, and at no cost to taxpayers. This legislation reforms the system of federal student loans to save taxpayers $87 billion – and then invest $77 billion of those savings back into education, particularly by making college more affordable, and directs $10 billion back to the Treasury to reduce entitlement spending. Among its many provisions, it increases the maximum Pell Grant from $5,350 in 2009 to $5,550 in 2010 and $6,900 in 2019 and keeps interest rates low on subsidized federal student loans. (Passed the House)

What our Members are Saying

This legislation will make it possible for more Americans to go to college, for more graduates to leave college without crippling student loan debts, and for families to better plan for their children’s future.

Investing in education is one of the most important things we can do to grow and strengthen our workforce and secure our wellbeing as a nation.

Not only will [the Student Aid and Fiscal Responsibility Act] improve the educational opportunities for our very youngest students, it will also help more students attend college and make college more affordable...

With tuition costs rising and families struggling through a tough economy, I'm proud that we could come together to ensure our students graduate with less debt and more freedom, and that we will be able to save taxpayers $87 billion in the process.

Now more than ever, Americans need affordable, quality educational opportunities to help make our economy strong and competitive, today and in the future. These reforms will allow more students to graduate and ensure that those who do will have less debt.

Featured Member

Donna Edwards

Representing the 4th District of MD

<a href="/members/donna-edwards">Donna Edwards</a>

Meet Congresswoman Donna Edwards and you’ll immediately sense her strong energy and enthusiasm for her work on behalf of people in her community. According to Edwards – who represents portions of Maryland’s Prince George’s and Montgomery counties – the experience so far has “been really invigorating – exciting.”

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