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President Obama Underscores Need to Eliminate Wasteful Spending in Federal Student Loan Program, Reinvest Savings in Making College More Affordable

(4/28/2009)

Today, President Obama met with a family struggling to afford the cost of college and released a new analysis of the impact of his plans to increase student aid…. He will make a historic investment in college affordability: together, the American Recovery and Reinvestment Act (ARRA) and the President’s Budget provide about $200 billion in Pell Grant scholarships and tax credits over the next decade.

Read the full press release here.

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