Full Text of HR0223 102nd General Assembly
HR0223 102ND GENERAL ASSEMBLY |
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| 1 | | HOUSE RESOLUTION
| 2 | | WHEREAS, The United States faces a student debt crisis | 3 | | with Americans owing more than $1.7 trillion in student loans, | 4 | | which is more than a 100 percent increase over the last decade; | 5 | | and
| 6 | | WHEREAS, For-profit borrowers default at twice the rate of | 7 | | public two-year borrowers; and | 8 | | WHEREAS, For-profit colleges serve less than 8 percent of | 9 | | Illinois students yet account for 1.7 times more in defaulted | 10 | | loan amounts than all other Illinois public and private | 11 | | institutions combined; and | 12 | | WHEREAS, 74 of the 78 Illinois programs considered failing | 13 | | or near-failing, based on graduate debt-to-earning ratios, are | 14 | | at for-profit colleges; and | 15 | | WHEREAS, Students of for-profit colleges often have lower | 16 | | graduation rates, have lower post-graduation earning | 17 | | potentials, and can face challenges in transferring credits to | 18 | | other institutions; and
| 19 | | WHEREAS, 99 percent of students' fraud claims concern | 20 | | for-profit colleges; and
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| 1 | | WHEREAS, For-profit college executives are duty bound to | 2 | | act in the interest of ownership; and
| 3 | | WHEREAS, In fiscal year 2019, 3,000 Monetary Award Program | 4 | | (MAP) grants were used at for-profit colleges in Illinois; | 5 | | however, the same appropriation could have funded not only | 6 | | these students' education at community college but an | 7 | | additional 5,600 students as well; and
| 8 | | WHEREAS, The goal of MAP is to provide grant assistance to | 9 | | eligible Illinois students demonstrating financial need to | 10 | | help make college more affordable, and the average cost of | 11 | | higher education at Illinois' for-profit colleges is nearly | 12 | | twice as much compared to public universities for Illinois' | 13 | | lowest-income students; therefore, be it
| 14 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 15 | | HUNDRED SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that | 16 | | we urge prospective Illinois students to attend public and | 17 | | nonprofit colleges and universities so that they can | 18 | | experience manageable debts, greater career earnings, and | 19 | | stronger returns on their investment in a higher education; | 20 | | and be it further
| 21 | | RESOLVED, That we urge the General Assembly to use |
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| 1 | | taxpayer funding to support high-quality student-centered | 2 | | higher education instead of subsidize profits for private | 3 | | companies.
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