Pelosi Statement on Two Year Anniversary of Student Aid and Fiscal Responsibility Act

Contact: Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today in commemoration of the second anniversary of the Student Aid and Fiscal Responsibility Act, which represents the single largest investment in college aid in our nation’s history:

“Two years ago, Democrats were proud to lead the way in passing the single largest investment in college aid in our nation’s history. With the Student Aid and Fiscal Responsibility Act, we lowered the cost of student loans, strengthened community colleges, increased the maximum Pell Grant, and invested in Historically Black Colleges and Universities and Minority Serving Institutions.

“Education is the best investment parents can make in their children, individuals can make in themselves, and a nation can make in its future. That’s why the budget passed by House Republicans this week is so distressing. Instead of reigniting the American dream, it makes it more difficult for student to afford higher education: allowing interest rates on some students loans to double and cutting hundreds of thousands of students from the Pell Grant program.

“Expanding access to higher education is one of the best ways to ensure a stronger, more competitive American economy for years to come. That is why Democrats will always protect our accomplishments and continue to work to make college more affordable.”

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