Huge WIN for Students (and all of us) in Reconciliation Bill

Not only do we now have Health Reform (badly needed!) but we also have a LOT more going students' way (and our culture and society, too) through the passage of this reconciliation bill. Namely:

• $36 billion in new spending to Pell Grants
• Eliminating private banks in issuing student loans, now providing Direct Loans from the government (savings the government $61 billion, which can be used to support citizens rather than private lenders)
• $4 billion to historically black colleges and community colleges
• providing $1.5 billion to make it easier for student borrowers to repay their loans (income based repayment that Pres. Obama spoke of in the 2010 State of the Union address)

CREDO Mobile A huge win for students in last night's reconciliation bill. If it passes the Senate, billions of dollars will now go to education instead of big banks! Hurray!

Student Loan Overhaul Passes in Reconciliation Bill

www.huffingtonpost.com

WASHINGTON — 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. ...