Mr. BISHOP of New York. I thank Mr. Scott for yielding.
As Chairman Miller indicated, since January of 2007 this Democratic Congress has made great strides in ensuring that students across the country have access to high-quality education. Passage of this budget resolution continues this commitment to ensuring that every child who dreams of going to college can do so.
Our colleagues on the other side of the aisle have described this budget as a budget that expands Federal control of education. What it really expands is access to educational opportunity, particularly in the area of higher education. And not only does this budget significantly expand access, it does so in a fashion that is fully paid for.
The budget resolution would accommodate the President's major initiatives in higher education, which include increasing the Pell Grant maximum by an additional $155 and indexing that maximum to the CPI plus 1 percent. It would also include phasing out FFEL lending and moving to 100-percent direct lending providing students with the same access to support but doing so at a 5-year savings of $47 billion.
It also calls for restructuring the Perkins Loan Program, increasing funding for this program by a factor of six and increasing the number of students who can benefit from this program by 2.7 million students.
And finally, it calls for a creation of a college access and completion fund of $2.5 billion over 5 years so that schools can adopt best practices in both access and completion.
Taken as a whole, these four proposals will be of significant assistance to students. We cannot achieve economic prosperity without an educated populous. This budget will ensure that those who can benefit from higher education will do so and that students will get their chance at their slice of the American dream.
I urge my colleagues to vote for this budget resolution.