I thank the chairman for yielding. Madam Speaker, I rise today as the ranking member on the Higher Education Subcommittee. I believe in higher Pell grants, lower interest rates, and a leveling off of college tuition. I come to this belief…
I thank the chairman for yielding.
Madam Speaker, I rise today as the ranking member on the Higher Education Subcommittee. I believe in higher Pell grants, lower interest rates, and a leveling off of college tuition. I come to this belief through my own life experiences. I grew up in relatively humble circumstances. My mom was a single parent who raised three kids on the modest salary of a secretary. If it wasn't for Pell grants and student loans, I wouldn't have been able to go to college and, ultimately, law school. I believe every child, rich or poor, deserves the chance to go to college.
Let us turn to student loans and how that impacts that. When I graduated from college in 1986, the student loan interest rate I had on my loans was 9.5 percent. In 2002, during my first term here in Congress, we decided to do something about that and we joined together, Republicans, Democrats, and student groups, and approved legislation in January of 2002 fixing the student loan interest rate at 6.8 percent. On January 24 of 2002, Chairman George Miller supported the 6.8 percent rate. He voted for the 6.8 percent rate, and he said on this floor that we should be commended for passing the 6.8 percent rate.
Last year, in March of 2006, when we were passing the higher education bill on the House floor, Chairman Miller said that he wanted to now cut the interest rates from 6.8 percent to 3.4 percent. It had a big price tag of $18 billion. He didn't offer any ways to pay for it.
Today, he comes before us with another proposal to cut the rate from 6.8 percent, down to 3.4 percent, phased in over a 5-year period, so you hit the 3.4 percent in the final year only. This price tag is smaller, at $6 billion. And to their credit, the Democrats have come forward with a way to pay for it, and that is mainly by taking money out of the student lenders' pockets.
The question before us is one of access. What is the best way to expand college access? Should we help college students on the front end afford to go to school by increasing their Pell grants, or do we help college graduates on the back end by phasing down their loan interest rates?
I think a better approach would have been to take some of this $6 billion in savings and invest it in the Pell grant program. This is a program we Republicans have been pretty serious about during my 6 years in Congress, and I would like to show you a chart reflecting that.
This is the 20-year history of the Pell grant program. As you can see, in yellow, this is the 10 years the Democrats were in control of Congress. The red represents when the Republicans took control of Congress. You see a steep increase. If they had adopted the proposal we set forth, these charts would be literally off the charts in terms of such a dramatic increase in Pell grants.
Now, someone said earlier, well, we haven't done enough to increase Pell grant funding during our time in the majority over the past 6 years. Let us take a look at that claim. Overall, Pell grant funding from 2000 to today has gone up 71 percent, from $7.6 billion to $13 billion a year. And we have increased by 36 percent the number of children eligible for Pell grants from 3.9 million to 5.3 million. We have a pretty good record on Pell grants, one to be proud of.
If they had taken the $6 billion and invested it in the Pell grant program, what a dramatic difference it would make when you consider the Pell grant program along with the Pell-eligible programs of competitiveness grants and SMART grants.
This is the difference: First-year students would get up to $5,300 a year; second-year students would get up to $5,850; third-year students would get $8,050; and fourth-year students, up to $8,050. We made this proposal, went before the Rules Committee, and it was a
closed rule. They didn't want to hear anything about it.
We also had some ideas about the skyrocketing cost of tuition. It has gone up 35 percent in the past 5 years at public colleges. We had some pretty good ideas to help, mainly Chairman McKeon, now Ranking Member McKeon's, bill. He went before the Rules Committee. Closed rule. Didn't want to hear about it.
Now, what did Chairman Miller and others say about this problem with not investing enough in Pell grants and the skyrocketing costs of tuition? We will come back to those issues. We will deal with that a later day.
Now, here is the problem. Whatever we do on a later day with Pell grants will be $6 billion less than it could have been because this $6 billion is gone. It is gone, based on this approach here.
In summary, by ignoring our ideas about increasing Pell grants and addressing the rising tuition costs, the Democrats have managed to hit a single for themselves when they could have hit a home run for America's college students.
Education should not be a partisan issue. No one party has all the answers. Today, I will show a little bit of good faith and vote ``yes'' on this bill. Tomorrow, I hope the Democrats will show a little bit of good faith by listening to what people like me have to say about Pell grants and the skyrocketing costs of tuition.
Madam Speaker, I thank the ranking member for yielding to me. I am back. Like gum under a bus seat, you can't get rid of me here. Let me just address a couple of issues to clarify some things.
First, you keep hearing about a $12 billion raid on student aid. We didn't take a single penny away from a single student. Not one Pell Grant went down, not one student paid a higher interest rate on their student loans. What we did was take money away from lender subsidies.
Now, when we took $12 billion away from lender subsidies, it is called a raid on student aid. When the Democrats today took $6 billion away from lender subsidies, it is called the College Student Relief Act.
Now, they say, ``well, we poured that money back into helping students with lower interest rates, $6 billion of it.'' We poured $9 billion back into helping college students. $4.5 billion went to Pell- eligible students in something called Academic Competitiveness Grants and SMART Grants, giving high achieving Pell Grant students the opportunity to get an extra $4,050 their final 2 years. We also lowered the amount of origination fees students would pay for loans and increased their loan limits.
So we poured $9 billion back, 33 percent more than they did. So don't be fooled by the funny little names characterizing things, because it is not a lot of straight talk.
The second thing you hear is ``would have, could have, should have.'' They had been in power for 6 years. Why didn't they do more to increase Pell Grants? Pell Grants in 2000 were $7.6 billion. This past year, they were $13 billion. That is a 71 percent increase. We did increase it. In addition, we paid down the shortfall of $4.3 billion.
Second, if you look over here, in 2000, the maximum award was $3,300. In the final year, it was $4,050. This is an increase, not as much as many of us would like, but it is an increase.
Finally, the reason this $4,050 did not go up to $5,100, as President Bush and I and others had hoped, is because we had a dramatic increase in the amount of students who were eligible for Pell Grants from 3.9 million to 5.3 million. So the pie got a lot bigger, and rather than cut their grants, we still continued to fund them and had an extra 36 percent enrollment of people who got Pell Grants.
Now, what should we have done more? The Higher Education Act, we had language that I put in there that increased the Pell Grant authorization to $6,000. We made Pell Grants year round. I sent letters to the appropriators asking them to fund that
amount. We had the funding up 71 percent. We have SMART grants and academic competitive grants. What more could we have done?
At some point, we have to realize as the authorizing committee, we are kind of dependent on what appropriators are going to spend. We have a pretty good record on the Pell Grant issue, one we can be proud of.
To see it visually a little easier, you can see the yellow marks the 10 years when Democrats were last in control of Congress. The red is when the Republicans took over. You can see a dramatic spike in Pell Grants. And what is interesting, in the final 2 years when Democrats were in control, 1993 and 1994, they actually cut Pell Grants.
So we have got a good record to be proud of, and that is one of the reasons we wanted some of this money to go to Pell Grants today so it would help people to actually go to college rather than just helping people on the back end.
With that, I am not here to make fun of the proposal the Democrats have come forward with. I am going to vote for it. The thing I am most impressed with is, this time they have offered a way to pay for it. That is something they did not do last year. They should be commended in doing that.
I just hope that, moving forward, they will work together with us in a bipartisan manner to address this skyrocketing increase in tuition costs and to help increase Pell Grants so that every child in this country, rich or poor, will have the opportunity to go to college.
Mr. Speaker, we will continue to reserve the time.
Madam Speaker, I continue to reserve the balance of our time.
Madam Speaker, I continue to reserve the balance of my time.