John Yarmuth: “I rise in support of S. 2258, a bill to extend programs under the Higher Education Extension Act of 1965. In addition to…”

“I rise in support of S. 2258, a bill to extend programs under the Higher Education Extension Act of 1965. In addition to extending the current programs under the Higher Education Act for 5 months until March 31, 2009, the bill also makes a necessary technical correction to the College Cost Reduction and Access Act with respect to nonprofit lenders. This language will ensure the designation of a nonprofit lender will go to those that Congress intended. During this Congress we have made significant commitments to our Nation's students and families by putting resources in the hands of those most in need. H.R. 2669, as passed and signed by the President, does more to help Americans pay for college than any effort since the GI Bill at no new cost to taxpayers. Specifically, the legislation provided a landmark investment of $20 million in additional funding for Pell Grants, reductions in the interest rate on student loans, and the creation of programs to help students manage debt, as well as encourage individuals to pursue public service.”