Oppose Skyrocketing Student Debt And Preferential Treatment Of Corporations

 

Resolution 13-07.16

 

WHEREAS, the Californian Master Plan for Higher Education states that some form of higher education ought to be accessible to all regardless of their economic means, and the State of California needs our youth to attend college as a way to prepare them to contribute to the country and the economy,  and

WHEREAS, a recent study from Projectonstudentdebt.org showed that Californians graduating with bachelor's degrees from CSU, UC and private colleges on average have $18,879 of debt at the time of graduation and Forbes reported in January that U.S. parent borrowing is up 75% since the 2005-2006 academic year with an average of $34,000 in student loans while loans for cars and houses are declining, and

WHEREAS, we as a nation, have bailed out mega corporations when they were in debt, and then loaned them money at the absolute lowest levels possible while keeping interest rates high for the future leaders of our country

THEREFORE BE IT RESOLVED, that the California Democratic Party stands with the educational community in its commitment to the Californian Master Plan for Higher Education, affirming that each student should be able to go to college without undue financial burden; and supports measures that decrease student loan interest rates and tie student interest rates for federally backed loans with Federal Reserve discount rates paid by corporations for short term borrowing.

THEREFORE BE IT FURTHER RESOLVED, that the California Democratic Party send a copy of this resolution to the Governor of the State of California as well as all members of the California Democratic delegation of the State Legislature and California Congressional Caucus

 

Authored by Thea Selby, Assembly District 17 Co-authored by Thomas Brown, Assembly District 17
Additional Sponsor: California Democrats, Regional District 6 

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Adopted by the California Democratic Party
At its July 2013 Executive Board Meeting
Hilton Hotel, Costa Mesa
July 21, 2013

 

 

 

 

 

 

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