Bill would spend more to make college affordable - washingtonpost.com: WASHINGTON -- President Barack Obama's plan to dramatically increase college student aid took its first step Wednesday on what could be a rocky path through Congress.
A key lawmaker proposed a bill to boost Pell Grant scholarships for low-income students by linking them to inflation for the first time since the program began.
House Education Committee Chairman George Miller's legislation would pay for the expansion by eliminating a massive program of subsidies for private college loans - an idea opposed by lenders and their many supporters on Capitol Hill.
In a statement, the president said the bill will end giveaways to special interests and save taxpayers money.
