Monday, March 22, 2010

House passes huge college aid bill.

Almost lost in the health care coverage, the House also passed the biggest education legislation since No Child Left Behind. From Huffington Post:
Riding the coattails of a historic health care vote, the House on Sunday also passed a broad reorganization of college aid that affects millions of students and moves President Barack Obama closer to winning yet another of his top domestic policies.

The bill rewrites a four-decades-old student loan program, eliminating its reliance on private lenders and uses the savings to direct $36 billion in new spending to Pell Grants for students in financial need.

In the biggest piece of education legislation since No Child Left Behind nine years ago, the bill would also provide more than $4 billion to historically black colleges and community colleges.

The bill was paired with the expedited health care bill, a marriage of convenience that helped the prospects of each measure. That combined measure passed 220-211.

"We are pairing this historic health reform with another opportunity that cannot be missed – the chance to make the single largest investment in college affordability ever at no cost to the taxpayers," said Rep. George Miller, D-Calif.

No comments: