John Kerry: “too many young people, from all walks of life, are either struggling to pay for college or flatout can't afford it.…”

“too many young people, from all walks of life, are either struggling to pay for college or flatout can't afford it. Those who aren't able to incur such steep costs are not only losing out on a degree, but setting themselves up to face a lifetime of lost opportunities, as study after study shows college graduates are the most attractive candidates for the fastest growing and best paying jobs of tomorrow. Greater college access and financial assistance is critical to making the American dream a reality for all. This bill strengthens educational resources for low-income students, giving every child the chance to succeed. It will mark the largest increase in student aid since the Montgomery GI bill and ensures that college is within the reach of children all over the country. Today, families in New England with students in a community college spend 17 percent of their annual income to cover the cost of college for 1 year, while families nationally spend 13 percent. According to an analysis by the Massachusetts Board of Higher Education released last year, more than two thirds of families in Massachusetts last year still required approximately $6,300 beyond financial aid to afford a college education. Faced with such a hardship, many Massachusetts students drop out, saying the costs are too steep. Those who do complete their degrees are often saddled with thousands of dollars in student loans-- which can take years, often decades, to pay off.”