House FY15 Budget Proposal Would Increase Student Debt
Slashes Pell Grants and Increases Borrowing Costs

April 1, 2014
Statement of Pauline Abernathy
Despite bipartisan concern about rising college costs and student debt, the House Budget Committee’s fiscal year 2015 budget slashes funding for Pell Grants, forcing millions of Pell Grant recipients to borrow more, while simultaneously increasing the cost of their loans.