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Blumenauer to Speak Against Republican Plan to Cut Nearly $9 Billion in Student Financial Aid

Date: Oct. 28, 2005
Location: Washington, DC
Issues: Higher Education


BLUMENAUER TO SPEAK AGAINST REPUBLICAN PLAN TO CUT NEARLY $9 BILLION IN STUDENT FINANCIAL AID
October 28, 2005

Washington, DC - On Monday, Congressman Earl Blumenauer (D - Ore.) will discuss a Republican proposal to cut nearly $9 billion from student financial aid programs. This action, included in H.R. 609, would be the largest cut ever to the nation's federal student aid programs. If these cuts are enacted, the typical student borrower - already $17,500 in debt - will have to pay up to $5,800 more for his or her college loans.

"One of my biggest frustrations is Congress' inability to provide more financial support for students," Blumenauer said. "Scholarships and Pell Grants are critical to help young people establish their careers without being crushed by debt. The last thing we should be doing is cutting these necessary programs, but instead, some in Congress are trying to destroy them. We have our priorities wrong when we shortchange the future to continue misguided tax cuts."

http://blumenauer.house.gov/newsroom/PressRelease.aspx?NewsID=1348

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