George H.W. Bush: “July 23, 1992 Today I am signing into law S. 1150, the ``Higher Education Amendments of 1992.'' It reauthorizes the many…”

“July 23, 1992 Today I am signing into law S. 1150, the ``Higher Education Amendments of 1992.'' It reauthorizes the many programs in the Higher Education Act of 1965. The legislation is broad in scope and significance, encompassing both the Pell Grant and Guaranteed Student Loan programs as well as a variety of other programs to assist students and institutions of higher education. I hope that many middle- and low- income families who dream of a college education for their children will find that this legislation helps to make their dreams reality. Educator Robert Maynard Hutchins once said: ``The object of education is to prepare the young to educate themselves throughout their lives.'' I think the key phrase here is ``throughout their lives.'' Our intention is to make it easier for all Americans to pursue postsecondary education and training throughout their lifetimes--whether they are just out of high school or returning to school later in life. The world has changed, and a solid education is critical for all of us to compete effectively in today's global economy and function as responsible citizens in our American democracy.…”