Tying Federal Aid to Access and Outcomes: a Timeline

Tying Federal Aid to Access and Outcomes: a Timeline 1

Saul Loeb, AFP, Getty Images

President Obama used his 2012 State of the Union speech to tell colleges that the government would no longer "subsidize skyrocketing tuition."

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close Tying Federal Aid to Access and Outcomes: a Timeline 1

Saul Loeb, AFP, Getty Images

President Obama used his 2012 State of the Union speech to tell colleges that the government would no longer "subsidize skyrocketing tuition."

February 26, 2009

President Obama unveils a preliminary budget for the 2010 fiscal year that would abolish the bank-based student-loan program and use the savings to raise the maximum Pell Grant, making it an entitlement. The plan also calls for expanding the Perkins loan program from $1-billion to $6-billion, and for using a portion of the money to reward colleges that control costs