Today the U.S. House of Representatives voted 253 to 171 to pass the Student Aid and Fiscal Responsibility Act. It knocks private lenders out of the student loan business, and uses the savings to make transformational investments in the nation’s community colleges, as well as increase the Pell grant. Some, including La Guardia Community College president Gail Mellow, have called this the most important piece of higher education legislation since the G.I. Bill.
Let’s hope the Senate soon follows on the House’s class act!
(at least the House had at least 1 class act this week…)