Political Quotes

“Mr. Cooper explains that there is a common misconception about PROSPER that is being exploited, unfortunately, by many colleges and universities and our Democratic friends. He says: ``The Congressional Budget Office score of the PROSPER Act did estimate a $15 billion reduction in student aid over the next 10 years, but only on the mandatory side of the budget. Democrats and many in the media latched onto this number, which appeared on page 2 of the score, and ignored what the other 35 pages said. But as I have read the entire CBO score, I can tell you that the PROSPER Act does not cut Federal spending on higher education.'' ``The PROSPER Act expands the Federal Government's flagship student aid program for low-income students, the Pell grant. To encourage timely completion, the bill provides a $300 bonus to Pell grant students who take on more than a full-time course load. Most importantly, the bill makes several regulatory changes aimed at expanding both student and institutional eligibility for the program. As a result, under the PROSPER Act, an additional 1.1 million students annually would receive Pell grants by 2027.'' ``. . . you'll find that the PROSPER Act will increase Federal spending on higher education by $12 billion over the next 10 years.'' ``Changes to student loan repayment options are the largest single source of savings in the PROSPER Act.…”