US Presidency
1998

Since then, this Congress, across party lines, and the American people have responded, in the most important year for education in a generation, expanding public school choice, opening the way to 3,000 new charter schools, working to connect every classroom in the country to the information superhighway, committing to expand Head Start to a million children, launching America Reads, sending literally thousands of college students into our elementary schools to make sure all our 8-year-olds can read. Last year I proposed and you passed 220,000 new Pell grant scholarships for deserving students. Student loans, already less expensive and easier to repay, now you get to deduct the interest. Families all over America now can put their savings into new tax-free education IRAs. And this year, for the first two years of college, families will get a $ 1,500 tax credit, a HOPE scholarship that will cover the cost of most community college tuition. And for junior and senior year, graduate school, and job training, there is a lifetime learning credit.