NEW TIME: Financial Voices Radio

December 20, 2012

Millions in the Morning...
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Financial Voices on WURD Radio 900 AM




Topic: The impacts of the fiscal cliff on student loan debt

Special Guest: Congressman Chaka Fattah

Title: Congressman of Philadelphia 2nd District

Congressman Fattah's Major Accomplishments

  • Student Aid and Fiscal Responsibility Act – an early proponent and strong advocate for the greatest expansion of college access since the creation of the federal student loan and Pell Grant programs. This law invests $36 billion over 10 years to increase the maximum annual Pell Grant to $5,975 by 2017, provide $2.5 billion for Historically Black Colleges and Universities and Minority-Serving Institutions and $2 billion for community colleges. The bill also provides for loan forgiveness after 10 consecutive years in government or nonprofit work or after 20 years of payments, and it strengthens Income Based Repayment to reduce graduate debt loads and expand career options. Additionally, the bill invests $750 million to promote support for students with college application, college retention and financial literacy programs in the College Access and Completion Grant Program, an initiative similar to GEAR UP.
  • College Opportunity Resources for Education (CORE) - creator of this city-wide initiative providing almost $27 million in scholarships to over 14,500 students to help put college within reach of every Philadelphia high school student and build a more highly-educated workforce to attract desirable employers to the city. You can find a copy of the CORE Scholars’ Annual Report here.
  • Graduate Opportunity Initiative Conference – the mission of the conference, now in its 24th year, is to significantly increase the enrollment of under-represented graduate students studying Science, Technology, Engineering and Math (STEM). Congressman Fattah, the founder of the annual three day informational and scholarship conference designed it to encourage minority students’ interest in STEM graduate and professional schools. For many years the conference attendees were either Pennsylvania residents or students attending Pennsylvania Institutions of higher learning. As Congressman Fattah has ascended to the national stage and has become a recognized leader on educational issues, the conference has expanded with students attending from all over the United States. More than 12,000 students have been served and over $100 million in public/private partnership dollars have been invested in this effort.
Maisha Leek, Chief of Staff
T: (215) 387-6404 ext. 12
2401 N. 54th Street
Philadelphia, PA 19131

Financial Voices Hosts

Sharmain Matlock-Turner
President & CEO, Urban Affairs Coalition
Steven L. Sanders 
CEO & CIS, StoneRidge Investment Partners

Follow Sharmain on twitter @SharmainUAC
Follow UAC on twitter @UACoalition

Financial Voices Hotline: 215-851-1727

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