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Trustee Archive
Education advocates say a college education is important because the gap in income is widening between those with a college degree and those without one. Over a lifetime, a college graduate can now expect to earn 75% more than a person without a degree. The availability of federal aid determines whether many students can attend schools of higher education. Between 2008 and 2018, the average tuition at four-year public colleges increased by 37%. The average in-state undergraduate costs for tuition and fees at most public universities is about $11,000, while costs at private colleges average about $37,000 – not counting room and board. Low-income students continue to fall behind in their ability to access a college education. About 72% of all college undergrads now need some form of financial aid. The Department of Education distributes Pell Grants - which do not require repayment, and manages the Stafford loan program. In 2020, the maximum Pell Grant award was $6,345 and the typical Stafford Loan is about $10,000. There are nearly 45 million Americans trying to pay off student loans, and total student loan debt is now $1.64 trillion. Servicing this debt is difficult for grads with lower-paying public service careers, those who are ill or unemployed, or those who failed to complete their degree. The typical amount of a student’s debt is now about $37,000 and their average monthly payment is about $400. Advocates say many young Americans are unable to buy a car, a home, or start a family due to student loan costs.
President Biden has recently announced a one-time federal student loan debt relief program to forgive between $10,000 and $20,000 of student loan debt for borrowers making less than $125,000 a year. Critics claim it will increase inflation, doesn’t help low-income people who never attended college, is unfair to people who already paid off their student debt, doesn't address the high cost of college and could be struck down by courts.
Proposed Legislation: Reintroduction of H.R.4797 - Student Loan Relief Act (117th Congress 2021-2022)
Prospective Sponsor: Rep. Troy Carter (LA) |
- I oppose reforming current federal student aid policy and wish to donate resources to the campaign committee of Speaker Kevin McCarthy (CA).
- I support cancelling or repaying up to $50,000 in Federal student loans for each borrower and - unless otherwise requested by the borrower in writing - such a cancellation or repayment be applied:
1.) In the case of a borrower with multiple student loans with different interest rates, first cancelling or repaying the outstanding balance due on the loan with the highest interest rate.
2.) In the case of a borrower of multiple student loans that have the same applicable rates of interest, first cancelling or repaying the outstanding balance of principal due on the loan with the highest principal balance.
3.) Excluding such loan cancellation or repayment from a borrower's gross income.
And wish to donate resources to the campaign committee of Rep. Troy Carter (LA) and/or to an advocate group currently working with this issue.
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| Winning Option
»» No issues were voted |
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I support cancelling or repaying up to $50,000 in Federal student loans for each borrower and - unless otherwise requested by the borrower in writing - such a cancellation or repayment be applied:
1.) In the case of a borrower with multiple student loans with different interest rates, first cancelling or repaying the outstanding balance due on the loan with the highest interest rate.
2.) In the case of a borrower of multiple student loans that have the same applicable rates of interest, first cancelling or repaying the outstanding balance of principal due on the loan with the highest principal balance.
3.) Excluding such loan cancellation or repayment from a borrower's gross income.
And wish to donate resources to the campaign committee of Rep. Troy Carter (LA) and/or to an advocate group currently working with this issue.
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- Representative
If elected as a trustee, the campaign committee of Rep. Troy Carter (LA) will be unconditionally awarded the funds pledged to this issue along with a letter requesting him to favorably consider either reintroducing H.R.4797 - Student Loan Relief Act (117th Congress 2021-2022), or a similar version thereof.
- Student Aid Alliance
If elected as a trustee, Student Aid Alliance will be awarded the funds pledged to this issue along with a letter requesting these funds be used to work and advocate for the ability of students and former students to reduce or eliminate federal student loan debt.
About: We are a coalition of 85 higher education organizations united in our support for federal student aid. The Student Aid Alliance is thrilled to bring you the Save Student Aid campaign to raise awareness about the importance of federal student aid for America’s future. Student Aid Alliance supports Pell Grants, Supplemental Educational Opportunity Grants, work study and TRIO programs.
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- No trustee votes received.
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| Poll Opening Date |
January 16, 2023 |
| Poll Closing Date |
January 22, 2023 |
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