FOR IMMEDIATE RELEASE:
May 16, 2017
Contact: Sarah Schultz, email@example.com, 202.734.6510
[WASHINGTON]- Today, a bicameral group of US Senators and Representatives introduced the Pell Grant Preservation and Expansion Act, a bill that would strengthen and expand the nation’s flagship college affordability grant program. The Pell Grant helps almost 8 million low- and moderate-income students afford higher education annually, and has done so for over fifty years. This comprehensive bill from Senators Murray (D-WA) and Hirono (D-HI) and Representatives Scott (D-VA), S. Davis (D-CA), with 10 additional co-sponsors, would put the program on firm financial footing by shifting it to mandatory funding, expanding eligibility for the program, and improving the purchasing power of Pell by boosting the award. It builds upon several existing proposals from other Congressional offices, and Young Invincibles is happy to support the bill.
Young Invincibles’ Government Affairs Director, Reid Setzer added: “This proposal modernizes and expands the Pell Grant to make it more responsive to the 21st century student. Pell currently does not reflect the true cost of college, making it difficult for today’s students to complete a degree without taking on significant debt. This proposal helps combat this trend by increasing the maximum Pell Grant award and pegging future awards to inflation. Equally important, this bill would take Pell off the chopping block by shifting funding from discretionary to mandatory spending, giving students and families the assurance that Pell will be there when deciding how to pay for college. This proposal also opens doors to higher education for millions of new students to prepare them for jobs in today’s workforce, including DREAMers, people who are incarcerated, and previously defrauded students, among others. Investing in America’s future is critical to help grow the economy, and modernizing Pell to reflect the needs of today’s students and workforce is one of the best ways Congress can do just that.”