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Rep. McGovern on the College Cost Reduction Act

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Uploaded by on Jul 11, 2007

Rep. Jim McGovern speaks in favor of the College Cost Reduction Act of 2007, which will provide the single largest increase in college aid since the GI bill in 1944. The legislation invests about $18 billion dollars over the next five years in reducing college costs, helping millions of students and families. It comes at no new cost to taxpayers, and is funded by cutting excess subsidies paid by the federal government to lenders in the student loan industry.

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  • sounds really good. but what about former students already paying loans?

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