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MI HR0301
Resolution
Status
Introduced
2/11/2014
Primary Sponsor
Theresa Abed
Click for details
AI Summary
- Calls on Congress and the President to enact legislation funding state Pay-It-Forward college financing pilot programs
- Addresses rising college tuition costs and student debt, noting Michigan bachelor's degree recipients in 2012 owed an average of nearly $29,000 in student loans
- Describes Pay-It-Forward model where students pay for tuition based on post-graduate income rather than borrowing at interest, with repayments funding future student access
- References ongoing consideration of Pay-It-Forward programs in Oregon and Washington, and federal bills S. 1884 (Senator Merkley) and H.R. 3959 (Representatives Bonamici and Kildee)
- Directs transmission of resolution to the President, Senate President, House Speaker, and Michigan's congressional delegation
Legislative Description
A resolution to memorialize the Congress and the President of the United States to enact legislation that would fund state Pay-It-Forward college financing pilot programs.
President of the United States
Last Action
Recommendation Concurred In
9/17/2014
Committee Referrals
Education2/11/2014
Full Bill Text
No bill text available