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.
“I learned so many important lessons from my time in the Marine Corps that I carry with me to this day,” said Fink, a Marine Corps veteran. “Today and every day, we should honor the veterans who helped maintain the free and safe country we enjoy every day.”
“Rushing headlong into solar and wind energy dependence will be costly – and Michigan residents are the ones who will foot the bill,” Fink said. “Further, it will make our grid even less reliable across Michigan. The power outages we have experienced in our rural areas in recent years will only get worse. Essentially, you’ll be paying more but getting less.”
“Transparency and accountability to the people are crucial parts of our system of government,” said Fink. “We must have systems in place to hold legislators accountable when conflicts of interest arise.”
“I’m pleased to see Democrats have come to their senses and pulled this bill off the committee docket. There’s no need for additional Court of Appeals judges in Michigan. The number of case filings has not increased, and our current judges are more than capable of handling existing cases. This was a clear attempt to pack our courts with Democrat influence and manipulate judgeships to the detriment of our justice system.”