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Nita Lowey | PACE UNIVERSITY

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"The Examiner" featured Pace University in "College Students, Administrators Decry Rising Costs at Lowey Forum"

09/07/2018

"The Examiner" featured Pace University in "College Students, Administrators Decry Rising Costs at Lowey Forum"

Westchester college students and administrators joined Rep. Nita Lowey (D-Harrison) at Pace University last Thursday to discuss college affordability as Congress considers a bill that would cut $15 billion from federal student aid.

During the hour-long discussion, Lowey listened to stories of how students from many of the county’s colleges have struggled with the escalating cost of higher education, mounting student loans and how they have benefited from receiving scholarship money.

“Federal aid is a huge help to us, but the scare for us also is that sometimes it may not always be enough,” Pace student Olivia Wint said. “That’s one of my worries; I don’t want someone’s education to come to a stop simply because of other factors in their life.”

Lowey cautioned that the Promoting Real Opportunity, Success and Prosperity Through Education Reform Act, also known as the Prosper Act, would cut billions from federal student aid and increase the cost of education. The bill would create an annual limit on loans for graduate students, abolish loan forgiveness and eliminate in-school interest subsidies for middle- and low-income students.

Lowey said the “partisan, mean-spirited bill” is dangerous and being pushed by House Republicans to reauthorize the Higher Education Act.

“The ability of students to access a quality, affordable education we all know is key to good paying jobs and economic security, but the rising cost of college has made the burden of student debt a roadblock for too many Americans,” Lowey said. “Under the Prosper Act, more students would have even more debt. This bill is quite simply an assault on the financing of higher education as we know it.”

Lowey said that students in the United States currently hold $1.5 trillion in student loan debt. The average 2016 college graduate has about $37,000 in student loans, she said.

Shelly Connor, a mother of two and a Westchester Community College and New York University graduate, said she disagrees with rising student loan rates. She said by limiting the amount of loans and eliminating loan forgiveness, education would become less accessible for many students, especially those attending community college.

Westchester Community College President Dr. Belinda Miles said the Supplemental Education Opportunity Grants, Pell Grants, subsidized undergraduate loans and income-contingent repayment plans make college more affordable and accessible to millions of community college students nationwide.

“Current proposals in the Higher Education reauthorization bill would cut federal student aid, thereby shrinking the talent pipeline into high-demand jobs that stimulate economic growth,” Miles said.

Pace President Marvin Krislov said more than 90 percent of Pace students receive financial aid. At Pace, more than $196 million in institutional aid was awarded to students last year, he said, and more than 3,000 students, about 30 percent of the student body, received Pell Grants. Another 4,000-plus students received subsidized loans and 1,200 students received Supplemental Education Opportunity Grants.

“Federal financial aid is a key part of the funding mix for our students,” Krislov said.

Pace student John-Carlo Bautista said Pace wasn’t his first choice of college, but he ultimately chose to attend the Pleasantville school because he could receive subsidized loans while he focused on his studies and worked a part-time job. Emerald Rodriguez, another Pace student, said access to federal finance aid programs along with the financial aid package from Pace is helping her pursue a nursing degree.

Lowey said she would bring student concerns to Washington in an effort to prevent the cost of higher education from climbing even higher.

“I’m fighting with many of my colleagues to prevent this bill from becoming law,” Lowey said. “We’re going to continue to protect federal investments in higher education and make sure that every student has access to a quality, affordable education.”

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Press Release: Congresswoman Lowey, Pace University President Convene Roundtable on College Affordability and Accessibility

08/30/2018

Press Release: Congresswoman Lowey, Pace University President Convene Roundtable on College Affordability and Accessibility

Press Release: Congresswoman Lowey, Pace University President Convene Roundtable on College Affordability and Accessibility

Photo caption: Congresswoman Nita Lowey, center, and Pace University President Marvin Krislov, second from left, were joined by college and graduate school students and administrators at a roundtable discussion on college affordability and accessibility on August 30, 2018 at Pace University in Pleasantville. Pace students left to right included Pavan Naidu, Olivia Wint, John-Carlo Bautista and Emerald Rodriguez.

 

LOWEY, PACE UNIVERSITY PRESIDENT

CONVENE ROUNDTABLE ON COLLEGE AFFORDABILITY AND ACCESSIBILITY

PLEASANTVILLE, NY – Congresswoman Nita Lowey (D-NY17/Rockland-Westchester) and Pace University President Marvin Krislov were joined today by college and graduate school students and administrators at a roundtable discussion on college affordability and accessibility, including the Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act, dangerous Republican legislation to reauthorize the Higher Education Act.

“As colleges open for the fall semester, it’s as important as ever that we redouble our efforts to tackle the rising costs of higher education and the crushing burdens of student debt,” said Congresswoman Lowey. “Making college affordable so that every young person can have the training to pursue their dreams used to be a bipartisan belief in Washington, and yet, House Republicans are currently pushing a partisan, mean-spirited bill that would cut $15 billion from federal student aid while increasing the cost of a college education. This bill is, quite simply, an assault on the financing of higher education as we know it. Rest assured I am fighting to prevent this bill from becoming law and will continue working to protect federal investments in higher education.”

AUDIO of Congresswoman Lowey’s remarks is available here.

“At Pace University, we pride ourselves on providing access to a quality education for ambitious, hardworking students regardless of economic background,” said Pace President Marvin Krislov. “Federal financial aid is a key part of the funding mix for our students, and we’re deeply appreciative of Congresswoman Nita Lowey for convening this important conversation and for her continued commitment to a robust system of federal financial aid.”

“Supplemental Educational Opportunity Grants, Pell Grants, subsidized undergraduate loans, and income-contingent repayment plans make college more affordable and more accessible to millions of community college students nationwide. Current proposals in the Higher Education Reauthorization bill would cut federal student aid, thereby shrinking the talent pipeline into high-demand jobs that stimulate economic growth,” said Dr. Belinda S. Miles, President of Westchester Community College.

“I always wanted to be a nurse and I am very excited to be graduating next year,” said Emerald Rodriguez, a senior in Pace University’s College of Health Professions. “Having access to federal financial aid programs on top of the financial aid package I received at Pace made it possible. I just hope future students have the opportunity to access these programs to pursue their dreams just as I have.”

“As a recent college student, and the mother of two sons who are currently in college, I do not believe it is a good idea to increase loan rates,” said Shelly Connor, a recent graduate of both Westchester Community College and New York University. “Limiting the amount of loans, and eliminating loan forgiveness, would make education less accessible for many students, especially those attending community college.”

The PROSPER Act would increase the cost of a higher education by consolidating many currently available federal student loans into a more expensive loan for students. Proposed changes in the PROSPER Act include:

  • >> Elimination of in-school interest subsidy for middle-and-low-income students
  • >> A new annual limit on loans for graduate students ($28,500 per year, aggregate limit of $150,000) and for parents ($12,500 per year, total of $56,250 per child)
  • >> Elimination of loan forgiveness
  • >> Restrictions on income-based-repayment and elimination of Public Service Loan Forgiveness

The PROSPER Act would particularly hurt students with exceptional financial need. Forty years ago, the maximum Pell Grant covered about three-fourths of the cost of a four-year public university. Today, the maximum award only covers 29 percent of the cost, forcing students to take on additional debt.

Participants in the roundtable included: Dr. Belinda Miles, President of Westchester Community College, and financial aid and enrollment administrators from Westchester Community College, Dominican College, Purchase College, Manhattanville College, Mercy College, and New York Medical College.

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"Fios 1" featured Pace University in "Congresswoman Hosts Roundtable Discussion at Pace University on Cost of Education"

08/30/2018

"Fios 1" featured Pace University in "Congresswoman Hosts Roundtable Discussion at Pace University on Cost of Education"

PLEASANTVILLE – Congresswoman Nita Lowey held a roundtable discussion at Pace University on Thursday in order to discuss the costs of education with college students and administrators.

Lowey listened to students from Pace University, Purchase College, Mercy College, and Manhattanville College speak about the high price for higher education.

“I'm just so grateful that we have opportunities like this to help me because if it weren't for these opportunities, I wouldn't be sitting here today. I’d be on a totally different track, and who knows if I would even be able to say, 'I made it to senior year,’” Pace University student Emerald Rodriguez said.

Lowey explained the student debt stats across the country.

“In 2018, 44 million Americans collectively hold, $1.5 trillion in student loan debt. With the average student in the class of 2016 having graduated with about $37,000 in student loans.

Lowey warned students and college administrators of a federal bill called the “Prosper Act” that would cut billions from federal student aid and increase the cost of student education. The bill would create an annual limit on loans for graduate students, elimination of loan forgiveness, and eliminate in-school interest subsidies for middle and low-income students.

“And yet, unfortunately, House Republicans are currently pushing a partisan, mean-spirited bill that would cut $15 billion from federal student aid, while increasing the cost of college,” Lowey said.

Lowey said she will fight in Washington to keep the cost of higher education from getting any higher.

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"News12" featured Pace University in "Hudson Valley college students discuss paying for college"

08/30/2018

"News12" featured Pace University in "Hudson Valley college students discuss paying for college"

Hudson Valley college students are trying to tackle the rising cost of education.

Watch News12.