Calling For The Republican Party To Stop Blocking Student Loan Debt Relief

RESOLUTION 15-05.07

Calling for the Republican Party to Stop Blocking Student Loan Debt Relief

WHEREAS, the cost of higher education in the state of California continues to skyrocket, requiring more students to turn to financial assistance in the form of loans to finance their college education; such that 40 million Americans owe $1.2 trillion in student-loan debt, surpassing consumer credit card debt for the first time in history, with California students averaging $20,340 in debt from our public and private non-profit 4-year institutions; and

WHEREAS, student-loan debt is a burden that follows an individual for years but affects society as a whole, as it has diminished a generation’s economic power, forcing millions to put off major life decisions like starting a family or buying a home, thereby contributing to slower economic recovery; and

WHEREAS, there are an array of solutions that can help mitigate the negative impacts of student debt, such as lowering the interest rate to that of other federal loans; allowing those with outstanding debt to refinance at current lower interest rates, expanding debt forgiveness, and allowing student loans to be discharged in bankruptcy;

THEREFORE BE IT RESOLVED that the California Democratic party reprimands the Republican Party and its members in Congress for their repeated efforts to block legislation that would provide student loan debt relief; and

THEREFORE BE IT FURTHER RESOLVED that the California Democratic Party supports continued efforts to keep higher education affordable, as well as the efforts of Democrats in Congress to alleviate the burden of student-loan debt.

 

Sponsored by John Vigna (President, California Young Democrats) and 25 DSCC Delegates.

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Adopted by the California Democratic Party
At its May 2015 State Convention
Anaheim Convention Center
May 17, 2015

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