An analysis of the House's recently introduced College Affordability Act.
October 10, 2019
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With the country’s total student loan debt amounting to about $1.5 trillion , borrowers lose an average of $208,000 in lifetime wealth accumulation that could have come from retirement savings, investments or home purchases, according to studies from Washington, D.C.-based think tank Demos.
“If you compare this to some of the other gifts given in higher education, it’s incredibly stark, and I would hope points us to a smarter, better model of philanthropy where people’s lives are genuinely being transformed.”
"The bill that the governor is expected to sign into law establishes blatant wealth discrimination in the restoration of rights process. The bill will create two classes of returning citizens… [and] under this bill your ability to pay will govern whether you can participate in democracy.”