Rep. Welch Unveils College Affordability Legislation
Montpelier, VT. (September 16th, 2013)- Joined by higher education leaders from across Vermont, Representative Peter Welch announced legislation this morning at the Community College of Vermont in Montpelier that addresses the nation’s sky rocketing college costs. Across the nation, college costs have risen 1,120 percent over the last 30 years, with outstanding student debt now at $1.2 trillion.
“A college education, the gateway to the American middle class, is slipping further and further from the reach of working families. Federal loans and grants are a lifeline for college students. But students continue to lose ground because financial aid increases are being eaten up by college tuition increases,” Welch said. “This legislation creates a partnership between the federal government and our college administrators to cut unnecessary federal regulatory costs and encourage cost saving innovations.”