|Posted:||February 28, 2019 09:10 AM|
|From:||Representative James R. Roebuck, Jr.|
|To:||All House members|
|Subject:||Recognizing March 25-29, 2019 as “Higher Education Affordability Week.”|
|Today, student loan debt is higher than both credit card debt and auto loans. In the U.S. alone, there are more than 44 million borrowers who collectively owe $1.5 trillion in student loans. Currently, Pennsylvania ranks the sixth highest in student loan debt, with 1.7 million borrowers owing a total of $53.7 billion. When it comes to highest average debt, Pennsylvania ranks second, at $35,759.
The Commonwealth recognizes the importance and challenges of saving for college. In an effort to continue educating students seeking higher education in the Commonwealth on affordability and available financial aid, I will be introducing a resolution that designates the week of March 25th to March 29th, “Higher Education Affordability Week.”
College and universities are significant economic enterprises contributing to the cultural, educational and financial success and stability of the region in which they are located. Higher education is a critical mechanism for socioeconomic advancement and economic mobility in our society. All residents of this Commonwealth benefit from the skills and education gained by students at our institutions of higher education.
It is imperative that families and children begin saving for their future as early as possible. I hope that you will join me in helping thousands more save for a brighter future by highlighting the importance of college affordability.
Introduced as HR127