Alert | Protect College Financial Aid Now
PublishedApril 1st, 2015
Last week, in a troubling move, the House and Senatepassed budget proposals that put the dream of a college education in jeopardy for millions of students and families across the country. The budget proposes to:
- Eliminate mandatory funding for Pell Grants
- Freeze the maximum grant at its current level, instead of allowing it to increase to keep pace with inflation. Over time, this would reduce financial aid for almost all of the more than 8 million students who rely on Pell Grants to afford college.
- Eliminate the subsidized loan program, Public Service Loan Forgiveness, and income-based repayment. These are the very programs that help students repay their loan debt after graduation.
This budget proposal is bad for students and families.