A Quote by Hank Johnson
Any cut to Pell Grants means low-income must take out additional loans or work longer hours - risk factors that increase their odds of dropping out of school.
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Pell grants are the foundation of Federal student aid. As someone who attended college with the help of Pell grants and as chairman of the Pell Grant Caucus, I know how important they are for our Nation's low-income students.
The higher amount you put into higher education, at the federal level particularly, the more the price of higher education rises. It's the dog that never catches its tail. You increase student loans, you increase grants, you increase Pell grants, Stafford loans, and what happens? They raise the price.
And I do not want, and I will not accept, a deal in which I am asked to do nothing, in fact, I'm able to keep hundreds of thousands of dollars in additional income that I don't need, while a parent out there who is struggling to figure out how to send their kid to college suddenly finds that they've got a couple thousand dollars less in grants or student loans.
Above a certain level of income, the relative value of material consumption vis-a-vis leisure time is diminished, so earning a higher income at the cost of working longer hours may reduce the quality of your life. More importantly, the fact that the citizens of a country work longer than others in comparable countries does not necessarily mean that they like working longer hours. They may be compelled to work long hours, even if they actually want to take longer holidays.
The problem in a lot of low-income countries is that people take out loans to go and get degrees, which are then irrelevant in the job market.
Pell grants are critical tools for lower- and middle-income students to access higher education, and by expanding access to year-round courses, we can help non-traditional students complete their education sooner, allowing them to start their careers and pay off their loans.
Public education must be viewed from the lens of providing each child with the learning environment that best meets his or her needs. If we can send a low-income child to a parochial school, knowing that his odds of attending college will increase as a result, then that should be our mission.
For millions of Americans, federally subsidized student loans and Pell Grants are an important resource for us to get ahead so we can achieve the American dream.
We simply can't keep providing money from the federal government in the form of subsidized or actual loans and Pell Grants when we don't have the money.
Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.
Pell Grants are, and have been, critically important tools in making higher education a possibility for lower- and middle-income students.
Immortality awaits the legislator fortunate enough to have a significant law named after him. Think of Pell grants or Stafford loans for students, Sarbanes-Oxley to regulate Wall Street, or the Hyde Amendment on abortions.
When investing, I'm not against risk. If you take no risk you must expect a low return. Just don't let anyone fool you into thinking you can get a high return with low risk.
I grew up with a single mom who was a waitress. We were on food stamps. My mom then got Pell Grants, put herself through college to get a degree to get a better job. Because we were broke, I then had to go to a state school. I went to Temple University, and had to get loans. So I grew up in a world where I saw the government helping individuals pull themselves up, and saw it work very successfully.
They blame the low income women for ruining the country because they are staying home with their children and not going out to work. They blame the middle income women for ruining the country because they go out to work and do not stay home to take care of their children.
I am disappointed that Senator Ayotte has voted repeatedly for deep cuts in Pell Grants that would make college more expensive for thousands of New Hampshire students and voted against allowing young people to refinance their student loans.
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