On the recordApril 16, 2008
Today the Congress will build on the new commitment to college and university students and their hardworking families that this new Democratic majority in the Congress has provided. Our efforts to ensure continued access to low-cost student loans for families comes on the heels of the historic College Cost Reduction and Access Act that was signed into law a few months ago that will save college students an average of $4,400 on student loan interest, will increase the Pell Grant, and will forgive loans for those who provide 10 years of public service to their community. This is the single largest investment in college financial assistance since the GI Bill in 1944 and comes at no new cost to taxpayers. The new Congress promised to make college more affordable for all Americans, and we have delivered on that promise.
Source
govinfo.gov
