- Increase in Pell Grants from $4310 to $5400 per year
- Cut interest rates from in half on Stafford Loans from 6.8% to 3.4%
- Loan forgiveness for those who work 10 years in a public service job
- Provides scholarships for students that commit to teaching science and math in the schools that need the most help
I could go on and on. And let us not forget that this legislation will be payed for not by an increase in taxes but by removing $20 Billion in subsidies going to private lenders. Money these lenders have used to bribe university officials to help their bottom line while simultaneously eroding middle class income.
It is absolutely shameful that congressmen from Indiana of all places would vote against legislation that will send more people to college. A state where median income and job growth has become some of the worst in the country. Our government has systematically dismantled the economy of this state by promoting trade policies that have undermined the American worker time and again. The "free trade" talking point has always been that we need to embrace the new economy and that workers need to become more educated.
Yet when presented a bill that would do exactly that - help more Hoosiers afford college - these three once again show that they would rather protect their business buddies than help the citizens of this state. Shameful...