Frank Pallone: “one of the best ways to expand prosperity for more Americans is to make college more affordable. Today, an education at…”

“one of the best ways to expand prosperity for more Americans is to make college more affordable. Today, an education at a private university is close to $50,000 a year, and things aren't much better at public universities where prices have shot up 40 percent above inflation in the last 7 years alone. This Democratic Congress has worked to eliminate some of the sticker shock. Last year we passed the College Cost Reduction Act of 2007, which was the single largest increase in college aid since the GI Bill. But we are not done. Today we will vote on the College Opportunity and Affordability Act, which will make college more affordable and accessible. The bill encourages colleges to rein in price increases and to provides consumers with helpful information so they can make the best decisions on which school to choose. The legislation also simplifies the Federal student aid application process, expands college access and support for low-income and minority students, and increases aid for our veterans and military families. Mr. Speaker, let's continue to strengthen our Nation's future by passing the College Opportunity and Affordability Act today.”