Rep. Andrew Fink (R-Adams Township) has introduced a resolution calling on Congress to end the federal student loan program, which would cease the issuing of student loans.
“Although the federal student loan program was established to make higher education an attainable reality for all Americans, it has instead facilitated a new array of problems, including the precipitous rise of tuition costs, making higher education more expensive and unaffordable,” Fink said. “Our elected leaders in Washington must accept that the federal student loan system is a disservice to American students and eliminate it before it does any more financial harm to our nation.”
There are 45 million borrowers holding more than $1.6 trillion in federal student loan debt in the U.S. Further, 40 percent of college students drop out prior to completing their degrees and 84 percent of dropouts with student debt fail to pay back their loans after 12 years.
Since 1980, American university tuition has more than doubled, affecting all students regardless of whether they take on loans. Fink said the rise in tuition is directly correlated with the growing enrollment rate that has resulted from the federal student aid system.
“The future of higher education would be better off without the existence of the federal student loan program,” Fink said. “I am urging Congress to consider the future of America and the ramifications that the current system has on the affordability of college and the financial wellness of students after college.”
The measure is House Resolution 323.
State Rep. Andrew Fink (R-Adams Township) demanded stronger accountability measures for the Michigan Independent Citizens Redistricting Commission (MICRC). The representative criticized the Commission because of its recent controversy surrounding ethics violations, as well as the fundamental lack of accountability measures built into the Commission itself. The MICRC is composed of 13 commissioners appointed by the […]
“This budget plan will lead to lasting consequences in future years when we won’t have surplus dollars in the billions,” Fink said. “What’s worse is that this irresponsible plan doesn’t even include appropriations to fulfill the basic needs of communities like ours. Given the governor’s supposed commitment to roads, I was hopeful her friends in the legislature would prioritize local road and bridge improvements, but that’s not the case.”
“Sen. Lindsey is a Yale graduate and decorated soldier who chose to return to Michigan rather than pursuing a career anywhere else in the world, as he certainly could have,” Fink said. “Further, as a representative for the people of several of Michigan’s border communities, he knows better than anyone the toll that bad policies take on our population as our young people leave for neighboring states.”
“This setup would guarantee that our presidential elections will be decided by the most populated areas in the nation – like New York City and L.A.,” Fink said. “The Electoral College has ensured that every state has a stake in deciding our elections for 230 years. Presidential candidates should care about the interests of every one of America’s diverse populations, from rural farm communities to metropolitan areas of all sizes.”