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THE PRESIDENT'S ECONOMIC PLAN:
INVESTING IN EDUCATION AND TRAINING
The President proposes to invest more in education and training,
giving average Americans the skills they need to get high-wage jobs in
the new economy. He would increase investment in education and
training by $9.5 billion a year by 2002. The President's plan
increases education and training by $40 billion over the next 7 years;
Republicans would cut it by up to $43 billion over the same period.
For National Service, the President would expand the Corporation
for National and Community Service, enabling nearly 1 million young
Americans to serve their communities and earn scholarships for higher
The House would kill all national service programs.
For the GI Bill for America's Workers (excluding Pell grants), the
President consolidates 70 programs and add an additional $2.3 billion
in 2002 for adult skill grants and youth programs.
Republicans would cut funding 25 percent below the 1995 level.
For Head Start, the President would increase annual funding by
$1.5 billion by 2002 to reach another 50,000 children -- for a total
of 800,000 per year -- and to improve quality.
House Republicans would cut up to 200,000 children, compared to
For Goals 2000, the President would increase funding from $124
million in 1995 to $867 million in 2002, helping all States and school
systems extend high academic standards, better teaching, and better
learning to 44 million children in over 85,000 schools.
House Republicans would kill support to help States raise
For Pell Grants, the President would increase annual funding by
$3.4 billion by 2002 to reach 960,000 more recipients (for a total of
4.8 million) and increase the maximum award from $2,340 to $3,128.
Republicans would freeze Pell at the 1995 level.
For Safe and Drug-Free Schools and Communities, the President
would maintain funding at $500 million per year, to help nearly ever
school district fight drug abuse and reduce violence.
Republicans would turn the program into a block grant and cut
funding 30 percent.
The President would phase in Federal Direct Student Loans quicker,
affecting $25 billion in loans to 6 million people a year, at lower
cost to government, schools, and students.
House Republicans would eliminate the in-school interest
exemption for 4 million financially needy borrowers, requiring
a low-income college graduate who borrowed the maximum amount
to pay $3,150 more for loans than under the President's plan.