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For Immediate Release:
3/14/2006
Contact:
Luke Swarthout, 202-546-9707
Luke Swarthout, 202-546-9707 x333
U.S. PIRG

Senate Fails to Pass Student Aid Increase

This afternoon, by a 50-50 vote, the Senate failed to restore cuts to higher education funding or provide increases for the student aid programs in the Fiscal Year 07 budget. The amendment, offered by Senators Kennedy, Collins and Menendez, would have provided $6.3 billion to fund higher education and job training programs.

The Senate budget includes $1.2 billion in cuts to higher education as proposed in the President's budget. These cuts come on the heels of the largest cut to student aid in history, a $12 billion cut over five years to the loan programs passed in February. In addition the Senate budget freezes the maximum Pell Grant at $4,050 for the fifth consecutive year. In real dollars the maximum Pell Grant in 2005 was worth almost $300 less than the maximum grant in 2001.

Tomorrow the Senate will vote on a Specter-Harkin amendment to restore budget cuts to higher education as well as health programs. The amendment will restore student aid funding to FY05 appropriated levels, however it will not address increases in college costs that students face when financing college.

Today the Senate chose once again to ignore the issue of college affordability facing millions of students and parents across the country.

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