On the recordApril 16, 2008
This whole question of the affordability of higher education we know is a crushing burden on middle class families. And it has been made much worse, as many of the speakers have pointed out, by the credit crisis, innocent victims caught up in the consequences of credit-gone-wild in the subprime mortgage. So I really appreciate, and I think all of us appreciate, the quick work of the committee to provide flexibility in financing that's going to be beneficial to working families across this country. One of the questions that has been on the mind of many of us, I think, on both sides of the aisle, however, is whether or not when we go to the well and ask taxpayers to put more money into student aid, as we've done and as we should do, and when we make loan eligibility more generous so families pinch themselves in order to take on additional debt and students take on additional debt, the question we're starting to ask is whether or not that becomes a way in which institutions of higher education simply increase tuition.
Source
govinfo.gov




