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PNS Daily Newscast - September 25, 2020 


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Law Expected to Boost College Opportunities for Thousands of New Yorkers

August 11, 2008

New York, NY – Financial relief may soon be "granted" to thousands of New Yorkers going to college. President Bush is expected soon to sign the Higher Education Opportunity Act, which expands Pell Grants, encourages schools and states to control tuition and textbook costs, and ensures that the student loan industry plays fair.

Yvette Clarke, who represents New York's 11th congressional district, is one of the Act's co-sponsors.

"For New York it means that approximately a quarter of a million students will go through college without being saddled with the burden of taking out multiple loans, using their houses as collateral, in order to become educated."

Representative Clarke says smoothing the pathway to college is important to keep the U.S. a strong player in the global economy.

In New York, nearly 400,000 students are going to school right now using Pell Grants. Larry Gold with the American Federation of Teachers says the Act means those grants will be getting much-needed cost of living and cost of schooling increases.

"Under the bill there is going to be incremental growth in the maximum Pell Grant, which will wind up with a maximum of eight thousand dollars for the 2014 academic year. It's still in the four thousand dollars range today, so you can see what an important increase this would be."

The Act also expands loan forgiveness programs for first responders, assistant district attorneys, librarians and other public employees who get advanced degrees.

Michael Clifford/Steve Powers, Public News Service - NY