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Barack Obama Champions Federal Funding for College Students

The College Cost Reduction Act of 2007, H.R. 2669, has passed the Senate and is headed for President Bush’s desk. It will increase financial aid to college students and decrease monetary incentives to the banks that handle student loans.

Included in this multifaceted education bill is a little-known boost for black colleges, compliments of presidential candidate, Senator Barack Obama, and Representative Danny Davis, both  from Illinois. More than 250, 000 students are expected to benefit from this portion of the legislation. Senator Obama is a member of the Senate Health, Education, Labor and Pensions Committee and has introduced previous legislation to increase Pell Grants to all needy students.  

The Predominantly Black Institutions Act will, if approved by the President, provide $15 million to approximately 75 colleges and technical schools that primarily serve African American students.

For the complete article, click here.

College Cost Reduction Act, Barack Obama, African American, black colleges, black institutions, education, college, students, technical schools

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