On the recordJune 23, 2005
with respect to Pell grants, the College Board has indicated that the cost of attending a 4-year public university has increased by $2,300 since the President became President. The President decided to fix that problem by raising Pell grants by $100, thus taking care of 4 percent of the problem. The committee cut that to $50. That means that the committee is taking care of 2 percent of the problem. In addition to that, the new IRS regulations out of the administration have cost students in my State over $170 per person. So the fact is that right now any student going to a 4-year university is dragging behind. He is not doing nearly as well as he was 4 years ago. To suggest that a $50 increase in the Pell grant is going to take care of a $2,300 program is a joke. The SPEAKER pro tempore (Mr. Simpson). The time of the gentlewoman from New York (Ms. Slaughter) has expired.
Source
govinfo.gov
