[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 470 Introduced in House (IH)]






107th CONGRESS
  2d Session
H. CON. RES. 470

       Supporting the goals and ideals of College Savings Month.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 17, 2002

 Mr. Rogers of Michigan submitted the following concurrent resolution; 
        which was referred to the Committee on Government Reform

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
       Supporting the goals and ideals of College Savings Month.

Whereas the people of the United States recognize the challenge and accept the 
        responsibility of obtaining the education and skills that will enable 
        them to successfully compete in the global economy of the 21st century;
Whereas since 1980 the rate of increase of the cost of postsecondary education 
        has exceeded the rate of increase of inflation, public assistance to 
        students, and family income;
Whereas the rapidly rising cost of postsecondary education poses a serious 
        threat to the ability of the people of the United States to ensure their 
        and their children's access to postsecondary education;
Whereas since 1992 the annual amount of new student loan commitments has 
        increased from $15,000,000,000 to $35,000,000,000, which represents an 
        increasing burden on college graduates to pay for their college 
        education long after that education is completed;
Whereas it is in the interest of the Nation to ensure that the people of the 
        United States have the opportunity to obtain a postsecondary education 
        and to encourage parents to save for their children's education;
Whereas many States have offered tax incentives to encourage their citizens to 
        save for educational expenses;
Whereas additional Federal tax incentives to encourage the people of the United 
        States to save for educational expenses became effective after December 
        31, 2001; and
Whereas the National Association of State Treasurers has requested that Congress 
        designate September as College Savings Month in order to raise public 
        awareness about the need to save for educational expenses: Now, 
        therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That Congress supports the goals and ideals of College Savings Month.
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