On the recordJanuary 22, 2007
since coming to the Senate two years ago, I have worked to fulfill pledges I made during my campaign. The first piece of legislation I introduced, the HOPE Act, addressed my pledge to make college more affordable. The HOPE Act arose from what I heard when meeting people across Illinois during my Senate campaign, and what I now continue to hear from students and families across the Nation. The dreams of our Nation's youth increasingly require a college diploma, but that diploma is becoming, for many, ever more difficult to attain. That difficulty arises not from lack of ambition or aptitude, but from lack of any realistic way for many American families to afford the requisite college education. This difficulty impacts not only the dreams of millions of students, but also the wellbeing of our Nation. Competition in the global economy requires the attainment of a college degree, in order to create and strengthen the innovative and flexible workforce America needs. But as college costs increase, financial aid lags. The College Board reports that over the most recent five-year period, the cost of tuition and fees at public four-year colleges jumped 35 percent, even adjusting for inflation. Over that same five-year period, the maximum award offered by the Federal Government through Pell grants increased little. As a result, the proportion of college expenses met by Pell Grants decreased from 42 percent to 33 percent over that five-year period.
Source
govinfo.gov




