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Washington,
DC—Congressman Tim Ryan (OH-17) voted
today for the largest investment in community colleges and college aid in
American history. The Student Aid and Fiscal Responsibility Act (SAFRA)
(H.R. 3221) will expand access to an affordable college education to more
American students, transform early education opportunities, and build a
world-class community college system at no cost to American tax payers. The
passage of the SAFRA will help build a stronger, more competitive American
economy for the future while saving taxpayers money.
“One
of the key components to rebuilding our local economy is to have access to high
quality, affordable higher education,” said Congressman Ryan. “I want to make
sure that our area’s young adults are ready to take on the engineering, green
energy and high tech manufacturing jobs that we’re creating here at home. This
bill will help make our new Eastern Gateway Community College one of the finest
in the nation.”
The
bill will have specific impacts on community colleges from around the country
including Eastern Gateway Community College which opened its doors in the
Mahoning Valley just last week. The bill creates a new competitive grant
program for community colleges to improve instruction, work with local
employers, improve student support services and help implement innovative
reforms that lead to a college degree or certificate. The Challenge Grant funds
can be used to facilitate transfer of credit articulation agreements, create
workforce programs that blend basic skills and occupational training that would
lead to industry-recognized credentials, increase community college completion
rates and expand academic and training programs for high-wage occupations in
high-demand industries.
“This
bill will help transform our community college system into the very best
education and job training centers in the world,” said Congressman Ryan. “We
are going to ensure that our students graduate with the tools they need to get
high-wage jobs in high demand industries.”
The bill will also significantly increase
government grant and loan assistance for college tuition payments. Pell Grants,
already distributed to more than 7 million students, will increase to $6,900 by
2019 from $5,350 today. SAFRA also keeps interest rates low on government-subsidized
loans, makes substantial investments in early childhood education, expands the
Perkins low-cost loan program to every U.S. College, and simplifies the process
of applying for student financial aid.
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