Rep. McNerney Introduces Bill to Increase Availability of Federal Student Aid
Jul 24, 2014
Press Release
Washington, D.C. – Rep. Jerry McNerney (CA-09) today introduced a bill that would allow more colleges and students to access federal student aid under the Pell Grant program.
HR 5191, The Pell Grant Accessibility Act of 2014, would allow colleges and universities to once again become eligible to receive Pell Grant funding if they had previously declared bankruptcy. Current law permanently prohibits these Institutions of Higher Learning (IHEs) from receiving Pell Grant funds.
“My bill will allow well-performing schools to help their students pay for education and training,” said Rep. McNerney. “Many small colleges and trade schools have struggled to stay afloat in the new economy. This amendment will make sure we don’t punish those schools that have gotten their finances in order and want to help prepare our students to compete in the global economy.”
California Human Development Corporation expressed support for Rep. McNerney’s amendment. “The Title IV Pell Grant program is a critical and important funding and support source for low income clients seeking to improve their skills, futures and the competitiveness of our economy through vocational training, said CEO Chris Paige. “Congressman’s McNerney’s support for the Pell Grant program will help many low income and unemployed workers build skills at our training centers and secure stable, non- seasonal jobs. We deeply appreciate Representative McNerney’s support in regaining our eligibility for this important program so we can more effectively serve our low income clients.”
The Federal Pell Grant Program provides need-based grants to low-income undergraduate students. A Federal Pell Grant, unlike a loan, does not have to be repaid. The amount of the grant depends on financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less.
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