AMERICA'S CHALLENGE IN AN AGE OF POSSIBILITY:
PROVIDING EDUCATIONAL OPPORTUNITY FOR ALL
February 10 - 11, 1996
President Clinton challenges America. Tomorrow and Sunday President
Clinton will travel to Iowa, where he will highlight the challenges from
his State of the Union address. He will focus on his challenge to
schools, communities, states and lawmakers to help throw open the doors
of college as never before, and ensure that all deserving students can
afford to go to college.
We live in an age of possibility, but also a time of challenge and
change. We must face those challenges together. The era of big
government is over, but we cannot go back to the time when our citizens
were left on their own to deal with our common problems. In his State
of the Union address, the President challenged all Americans to work
together -- to strengthen families, increase educational opportunities,
achieve economic security, reduce crime, safeguard our environment,
maintain our leadership in the world and renew our democracy -- seizing
the promise of our age of possibility.
" Our second challenge is to provide Americans with the educational
opportunities we will all need for this new century. . . Higher
education is more important today than ever before."
--President Clinton, State of the Union Address,
January 23, 1996
Meeting our challenge to expand college opportunity. Before
speaking to
students at Drake University, President Clinton will meet with a group
of parents, students and employers in a roundtable discussion of work
study and other ways he has proposed to expand access to higher
education.
- Expansion of work study. In the State of the Union, the
President
called for a dramatic expansion of the College Work Study program,
from 700,000 students to over one million over the next five years.
- Merit scholarships. The President called for the creation of
the
largest-ever merit-based scholarship program, rewarding the top
five percent of high school graduates in every school -- over
125,000 students annually -- with $1,000 grants toward the cost of
college.
- Tuition tax deduction. The President will renew his call
for a tax
deduction of up to $10,000 for the cost of tuition and training.
Over 17 million students stand to benefit from this proposal for
tax relief to working families.
- Expanding Pell Grants. President Clinton has called for
increasing
the number and maximum award of Pell Grant Scholarships, which
would help 375,000 more students benefit from the grants in the
year 2000.
- Direct lending. President Clinton has created a new student
loan
program that makes it easier to borrow and repay student loans,
saving taxpayers almost $7 million, by allowing students to repay
loans as a percentage of their income, cutting out the middle-man
and eliminating red tape.
- 25,000 AmeriCorps volunteers. President Clinton's national
service
program lets volunteers earn college money by serving their local
communities.
A growing economy in Iowa. The President's trip will also highlight
the importance of the rural economy to America, and the success that Iowa
has enjoyed over the past three years.
- Lower unemployment. The unemployment rate in Iowa has
dropped from 4.2% to 3.3%.
- More new jobs. Iowa has 107,500 new jobs, including
17,400 in manufacturing alone, in the past 35 months, more than during the
entire previous administration.
- Better student loans. 357,900 students and former students in
Iowa
will be able to benefit from student loan reforms.
- Tax Cuts. 15,439 small businesses are likely to get a tax
cut this year alone, and 13 times more Iowa families will receive a tax cut
than a tax increase.