Clinton Unveils Breaks for College Students, Parents: Will Double Spending on Education in 1998 Budget
Bedard, Paul, The Washington Times (Washington, DC)
College students and their parents will get a wave of financial breaks in President Clinton's new budget, including lower interest rates and special deals to skip out on school loans in return for community service. Mr. Clinton, who previewed the education component of his fiscal 1998 budget during a 55-minute press conference yesterday, said he would double federal spending on college education to $58 billion - the highest ever.
But colleges would be asked to spend some of that increase to put students in work-study programs for community service.
"Taken together, these two steps will save American families $2.6 billion over five years," Mr. Clinton said at the session, which was dominated by questions about the ongoing Democratic fund-raising scandal.
Mr. Clinton's proposals won wary support in Congress. Rep. Bill Goodling, chairman of the House Economic and Educational Opportunities Committee, applauded many of the president's plans, such as expanding the charter school program.
But the Pennsylvania Republican warned against expanding the Education Department bureaucracy and claimed that some of the president's proposed funding increases, such as in the Pell Grant program, were copied from Republicans.
The education budget proposals, to be released next Thursday with the rest of the fiscal 1998 budget, are not new, but Mr. Clinton yesterday described his 1996 campaign promises in greater detail.
The president said he is sticking with his plan to offer a $10,000 per-year tax credit to parents with children in a four-year college. He will also push a plan to offer a $1,500 per year tax credit for students at two-year community colleges. …