[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 122 Introduced in House (IH)]







104th CONGRESS
  1st Session
H. RES. 122

 Expressing the sense of the House of Representatives that the levels 
   for higher education financial aid programs should not be reduced.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 1995

 Mr. Gordon submitted the following resolution; which was referred to 
        the Committee on Economic and Educational Opportunities

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the sense of the House of Representatives that the levels 
   for higher education financial aid programs should not be reduced.

Whereas having a college-educated work force is becoming more vital to our 
        national economic security;
Whereas college tuition is rising at a faster rate than both national wages and 
        inflation;
Whereas over half of all college students must finance their educations;
Whereas millions of students use Pell Grants, Subsidized Stafford Loans, Perkins 
        Loans, Federal Work Study Programs, and other Federal education programs 
        to make their college tuition affordable;
Whereas a student who borrows the maximum under the Stafford Loan Program would 
        have his or her loan payments increase by 20 percent for a 4-year 
        degree, 27 percent for a 4-year and master's degree, and 48 percent for 
        a 4-year and Ph.D. degree if the in-school interest exemption were 
        eliminated;
Whereas a student saddled with this extra debt would have to postpone buying a 
        car or a home, which would hurt the Nation's overall economy;
Whereas these cuts would be false savings because the added debt would cause 
        more students to default on their loans, raising the costs for all 
        taxpayers; and
Whereas millions of students not able to find affordable college financing would 
        have to postpone their education or forego it all together: Now, 
        therefore, be it
    Resolved, That the subsidized Stafford Loan Program (including the 
in-school interest exemption), the Perkins Loan Program, the Federal 
Work Study Program, the Pell Grant Program, the Federal Supplemental 
Educational Opportunity Grant Program and the State Student Incentive 
Grant Program should not be reduced from their current and anticipated 
levels.
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