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Congressman Cicilline Introduces Making College More Affordable Act – Clerk of the House

WASHINGTON, DC – Congressman David N. Cicilline (RI-01) has introduced H.R. 8457, the Making College More Affordable Act, legislation that will help Rhode Islanders and young people across the country access a college education by…….

WASHINGTON, DC – Congressman David N. Cicilline (RI-01) has introduced H.R. 8457, the Making College More Affordable Act, legislation that will help Rhode Islanders and young people across the country access a college education by addressing the root causes of the student debt crisis.
 
“Far too many Rhode Islanders and young people across this country are being forced to either take on massive, and often insurmountable, debt or give up their pursuits of a college degree. This is unacceptable – higher education cannot just be a privilege of the wealthy, it must be accessible and affordable to every student looking to continue their education and set themselves up for the career path they choose,” said Congressman Cicilline. “As we continue our work towards total student debt forgiveness, the Making College More Affordable Act will ensure that students have the resources they need and will reform and simplify our broken student loan system while moving us closer to making the pursuit of higher education available to all who want it.”
 
“We know that attaining a bachelor’s degree is the best way for students to increase their earnings and achieve economic and social mobility, yet many are fearful of the debt they and their families may have to incur for college – and with good reason. The average student debt in Rhode Island is nearly $37,000, the fourth-highest in the country, which means college graduates here have less money to support our local economy, launch their own small businesses or make their dreams of home ownership a reality,” said Andrew Bramson, president and CEO of Onward We Learn, Rhode Island’s largest and most comprehensive nonprofit college access program. “The measures included in Rep. Cicilline’s Making College More Affordable Act – automating payments, reducing required monthly payments, eliminating interest and allowing longer payment periods – will help lower the barriers our students see as deterrents to pursuing higher education and ease the burden on the 200,000 Rhode Islanders and 45 million nationally who have student debt.”
 
The student debt crisis has left millions of Americans struggling to pay their rent, utilities, groceries or other expenses as they try to climb out from beneath mounting debt. A CNBC survey earlier this year showed that 81% of individuals with student loans have had to delay one or more key life milestones as a result of their debt. Right now, approximately 46 million Americans are working to pay off more than $1.75 trillion in student loan debt, which is approximately $440 billion more than the total debt of U.S. auto loans.
 
The Making College More Affordable Act will address the root causes of this problem through a …….

Source: https://cicilline.house.gov/press-release/congressman-cicilline-introduces-making-college-more-affordable-act

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