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Higher Education Reports
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Executive Summary
The nation’s social and economic health relies on the number of
students who can attain a college degree. The US will fall 16 million
college degrees short of meeting workforce needs in 2025. But states
have cut budgets and grants have been static, so students are plunging
into deep dept to pay for college.
To help struggling students and families, President Obama has
proposed a significant increase to the Pell grant for 2010-2011. The
boost will be paid for by cutting excessive student lender subsidies
out of the student loan programs and reinvesting that money instead in
student aid.
A report by the USPIRG Higher Education Project estimates the impact
of transferring $5 billion in student lender bank subsidies to Pell
Grant recipients in each state.
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