Providing For Consideration Of H.R. 609, College Access And Opportunity Act Of 2005
Mr. Speaker, I thank the gentlewoman for yielding me this time. Mr. Speaker, traditionally, the higher education bill has been an opportunity for this Nation to pause and think about the role of higher education over the coming years in…
Mr. Speaker, I thank the gentlewoman for yielding me this time.
Mr. Speaker, traditionally, the higher education bill has been an opportunity for this Nation to pause and think about the role of higher education over the coming years in American society, in America's economy, in America's national security. Every 4 or 5 years we reauthorize that act. That is not what happened this time, and that is why you have opposition to this bill across the higher education community, across America from every sector, because we did not do that.
Instead, the higher education bill was hijacked. It was hijacked by those in the Republican Party that wanted to take the savings from the student aid accounts and give them to the oil companies and to the energy companies for their tax breaks. To continue to pay for the tax breaks for the wealthiest people in this country, they hijacked those moneys that America's families and students have been paying over the years, the excessive fees and excessive rates that they have been paying, and rather than reinvest them in America's future, rather than reinvest them in the institutions of higher education, in the families and students who are attending those institutions who are trying to get those advanced degrees to participate, they simply took that money 3 months ago and walked off with it. And now what we have here are the leftovers, the leftovers that state lofty principles and ideals, but fund none of them.
The Budget Committee is slashing education funding. The caps have suggested that they want cuts beyond what the President has suggested in his budget, and that is the status of higher education in America today.
What does it mean? Members recall Mr. Dreier talked about the EU coming to some conclusions. You do not have to go to the EU. Just listen to what Americans, who are thinking about the subject, who have a great stake in the outcome have been telling this Congress for a number of years, and this Congress has turned a deaf ear to those individuals under Republican leadership.
Whether it is the American Academy of Sciences, whether it is the Council of Graduate Schools, whether it is the American Electronics Association, whether it is Tech Net, whether it is the bioscience companies, all of these people have paraded to Washington and said one thing: you must reinvest in the R&D and in fellowships and in graduate school programs for science, engineering and mathematics. It is not being done. It is not being done. We recognized and we have been warned of the need to reinvest in the greatest partnership ever created in the history of the world, the greatest public-private partnership that was the result of President Kennedy's decision to send a person to the Moon and to bring them back safely. It was more than a Moon shot. It was an investment in the best and the brightest in America. Tens of thousands of fellowships were given to individuals. They didn't have to go beg for a loan. They didn't have to think about working during the summer or on Easter vacation or student break. No, they concentrated on the science and the engineering, and America met its goal. And we have been living off that legacy now for 30 years.
But everybody in that field, betting their money, their company's money, their venture capitalist money has told us the time has come to reinvest. That is not what this bill does. That is not what this bill does. This bill just passes on as if nothing has changed in America. And yet, members of this committee, Members of this House have traveled to the Pacific Rim. They see the new institutions being created in India and South Korea and China. They see institutions that are attracting some of the best and brightest minds from America to those institutions. They see the investment being made by the private sector of worldwide companies, American companies, because of that kind of investment that is being made there.
But this bill doesn't address that. This bill is just status quo. This bill doesn't create new fellowships. This bill doesn't create new opportunities for people to pursue those degrees. This bill simply adds to the debt and the cost, because when I say ``this bill,'' understand I talk about both bills. You split them for the convenience of what you wanted to do with your raid on student aid. But this is the higher ed bill. The moneys were skimmed off in the name of the oil companies. The moneys were skimmed off in the name of tax cuts to the wealthy, so we don't have the ability to make that investment that we have been warned about by the leading companies, by the leading people who have been thinking about this, by various institutions about the investment that America needs to make.
So we have a bill now that really doesn't do much of anything. It pretends that it sort of increases Pell Grants, but as we know, the Pell Grant has continued to lose value. Yes, they say, well, we put more money in it every year. That is because more students, tragically, are eligible for the Pell Grant because they don't have the family income. And we now see that the Pell Grant now covers the lowest percentage of costs for those students who have Pell Grants going to school; it has dropped from 41 percent. It covered 41 percent of those costs in 2000. It is now down; it will be down to 25 percent by 2010.
So the trend line is horrible. The trend line is horrible for those students most in need, those families most in need. More and more of them are showing up to get the Pell Grant, but they are not getting enough money to cover the costs of their college education. The trend line is horrible. And the number of students who are pursuing graduate degrees in science, math and engineering, it is working against the American economy and American security. But this bill doesn't address that.
The Higher Education Act has lost its place in the priorities of this Congress and the priorities of this Nation about the future of education, and that is a tragedy. That is a tragedy for those students who will be saddled with higher costs because of the increase in interest rates, with higher fees. Their parents will be saddled with higher costs. Those who will choose to take out direct loans to try to reduce the cost will find out they are paying fees now.
And so that is what the Republicans decided. Their idea, when every indicator suggests that college costs are getting out of the reach of America's families and students and workers, their idea was to increase the cost to those families and to their students. It is just unacceptable. It was unacceptable 3 months ago, and it is unacceptable today. This bill should be returned to committee, and we should initiate the debate that this country demands and that this country needs in terms of the future of these students, our economy and our national security. That is what this higher education bill should be about. It should not be about the leftovers after the largest cut in student aid accounts in history have already been pulled off 2 months ago.