President Obama has made it a priority to have the highest proportion of students graduating from higher education in the world by 2020, and Schiff has been working in Congress to support that goal. As the costs of attending institutions of higher education continue to rise, Schiff believes we must ensure that every student who wishes to attend an institution of higher education, and has the grades to do so, should not be precluded by financial need.
As a long time supporter of Pell Grants, Schiff is proud that the Affordable Care Act raised the maximum award for Pell Grants to its highest level ever, $5,550. These and other grants allow students to continue their education as investments in our future, which is why Schiff has been fighting against attempts to lower the maximum award, and why he will continue to fight to make sure every student who has the talent and the drive to attend an institution of higher education has that opportunity.
Too many students that pursue higher education are crippled by debt upon graduation. Schiff supported legislation, which restructured student lending in order to give more students the opportunity to pursue higher education without the fear of overwhelming debt. The bill will save nearly $61 billion over 10 years by converting all new federal student lending to the Direct Loan program. Unlike the lender-based program, the Direct Loan program is protected from market fluctuations, ensuring low-cost student loans no matter the global economic situation.