Rep. Serrano votes to boost financial aid

College students nationwide may soon get extra help paying for their education.The House of Representatives has passed the College Cost Reduction Act of 2007. The

THE BRONX - College students nationwide may soon get extra help paying for their education.

The House of Representatives has passed the College Cost Reduction Act of 2007. The bill is designed to increase aid by $18 billion over the next five years and cut interest rates on need-based loans.

Congressman José Serrano, who represents the Bronx, was among the lawmakers who voted in favor of the measure. The act is expected to help millions of students, including those at local universities, such as Bronx Community College.

The Senate is expected to vote on the measure later this month.

The White House has said President Bush would veto the bill in its current form. The president believes the act doesn't do enough for the most needy students and would cost too much to enact.

advertisement | advertise on News 12

Trending Video

Puerto Ricans in one Bronx community officially wrapped 1 Puerto Ricans wrap up holiday season in Kingsbridge
Isaiah Williams is currently in the hospital recovering 2 Man recovering after deadly Boston Road crash
3 Neighborhood Brief for Jan. 15
A Mexican police officer says a gunman has 4 Police: 4 killed in shooting at nightclub at Mexican resort
A 17-year-old boy was shot in the hand 5 Police: Teen shot after argument in the Bronx

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE