Pelosi Statement on 9th Anniversary of Student Aid and Fiscal Responsibility Act
“Nine years ago, Democrats made the single largest investment in student aid in our nation’s history, reaffirming the fundamental truth that education is the best investment a nation can make in its children. For nearly a decade, the historic Student Aid and Fiscal Responsibility Act has empowered students and families and ensured that all Americans can access the quality, affordable higher education necessary to succeed in the 21st Century economy.
“This landmark legislation has brought about transformative progress for millions of Americans seeking lifelong learning. By lowering the cost of student loans, strengthening community colleges, increasing the purchasing power of Pell Grants and investing in Minority Serving Institutions, Democrats honored our responsibility to millions of students and families while saving taxpayers billions of dollars.
“Today, under the stalwart leadership of Chairman Bobby Scott, the Education and Labor Committee is rewriting the Higher Education Act and reducing inequities in education. Democrats want to lower the rising cost of college by making Pell Grants more generous and flexible, help states reinvest in higher education and make student loans cheaper and easier to repay. By increasing access to pursue quality degrees and helping more students become graduates, Democrats are acting decisively For The People to strengthen our nation and put all Americans on the road to success.”