[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 378 Introduced in House (IH)]






108th CONGRESS
  1st Session
H. RES. 378

 Recognizing Independent 529 Plan for launching a prepaid tuition plan 
that will benefit our Nation's families who want to send their children 
                 to private colleges and universities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 24, 2003

 Ms. Granger submitted the following resolution; which was referred to 
              the Committee on Education and the Workforce

_______________________________________________________________________

                               RESOLUTION


 
 Recognizing Independent 529 Plan for launching a prepaid tuition plan 
that will benefit our Nation's families who want to send their children 
                 to private colleges and universities.

Whereas college education is increasingly important to the economic well-being 
        of the United States;
Whereas according to the United States Census Bureau, in 2001 a person with a 
        bachelor's degree earned nearly 90 percent more, on average, than a 
        person with only a high school diploma;
Whereas tuition at private colleges and universities in the United States 
        averaged over $16,000 per year in the 2001-2002 academic year, and 
        therefore may be one of the most significant investments a family will 
        make;
Whereas over the past decade increases in tuition at private colleges and 
        universities in the United States have averaged nearly 5 percent per 
        year and have been twice as great as increases in the Consumer Price 
        Index;
Whereas private colleges and universities serve a vital role in the national 
        education system;
Whereas prepaid tuition plans make attendance at colleges and universities more 
        affordable for thousands of our Nation's families; and
Whereas more than 200 private colleges and universities throughout the country 
        have agreed to participate in Independent 529 Plan, which enables 
        families to lower the cost of a private college or university education 
        by locking in current tuition rates for future use at any of the 
        participating private colleges and universities: Now, therefore, be it
    Resolved, That the House of Representatives--
            (1) congratulates Independent 529 Plan on its launch of a 
        prepaid tuition plan that will benefit our Nation's families 
        that want to send their children to private colleges and 
        universities; and
            (2) directs the Clerk of the House of Representatives to 
        transmit to Independent 529 Plan an enrolled copy of this 
        resolution.
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