clipped from: www.pbs.org It's a remarkable effort by the Congress. It means now that low-income students will get a boost in the Pell Grant over the next five years of $1,000. It also means that middle-income, low-income families that have to borrow money to pay for college will see their interest rate over the next five years cut in half from 6.8 percent today to 3.5 percent over that period of time.
One of the things we did in this legislation also was put in over $200 million for Upward Bound, to make sure that we have an effort in concert with the colleges to go out into the community, identify those students who are interested in college, make sure they complete their coursework, make sure they graduate from high school, expose them to college life in the summers or in the different vacation periods, so they understand that they are eligible, they can go there, if they complete their coursework.