THE WHITE HOUSE
Office of the Press Secretary
STATEMENT BY THE PRESIDENT
Senate Passage of Higher Education Reauthorization
The bill passed last night by the Senate will help my effort to usher more Americans through the doors of higher education, doors we have opened wide since 1993. There are still serious fiscal and policy issues that need to be resolved, and I am committed to working with Congress to do that. But I am pleased that the Senate bill endorses the new, low interest rate for student loans that I proposed, to save students $11 billion; improves teacher recruitment and training provided by our colleges; takes important steps in response to my call for colleges to help children at high-poverty schools prepare for and attend college; expands access to quality distance learning technologies; and creates what would be the government's first performance-based organization, an innovation recommended by our Reinventing Government effort.