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DC scholarship bill would cost $95 million

Wednesday - 12/11/2013, 4:20pm  ET

Associated Press

WASHINGTON (AP) -- The District of Columbia's chief financial officer says a proposed college scholarship program for city high school students would cost $95 million over four years.

A D.C. Council committee is expected to vote Wednesday on the bill, which would provide students with up to $60,000 to attend college. Families with incomes of up to $215,000 would be eligible for some money under the proposal, but the largest scholarships would go to students from less affluent families.

The bill is sponsored by Councilmember David Catania, who chairs the education committee and is considering a run for mayor.

City students are eligible for a wide array of financial aid, including a federally funded subsidy of up to $10,000 a year to attend public colleges or universities outside the district.

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