Congressman Alan Grayson has introduced a bill in the House of Representatives that would eliminate tuition at public colleges and universities, and significantly restructure how students can pay for their education and repay their student loans.
The "College for All Act" (H.R. 4385) is similar to one Senator Bernie Sanders (I-VT) introduced in the Senate last year.
"After graduation, thousands of young men and women hit the job market burdened with tens or hundreds of thousands of dollars of debt," Congressman Grayson said. "This bill provides qualified students with the means to get a high-quality education at a state school, as well as make it easier for graduates of private universities to pay off their debts."
Along with providing no-cost tuition for students attending public colleges and universities, the College for All Act also lowers student loan interest rates, allows student loan re-financing, reforms work study programs, and simplifies the student aid application process.
"Our students and graduates currently owe $1.2 trillion due to the high cost of tuition and high student loan interest rates," Congressman Grayson added. "That's more than we owe on our credit cards. It's stopping many graduates from buying houses, starting businesses, or in many cases even moving out of their parents' homes. It stops them from fully participating in our economy, which hurts all of us. We have the means, and the need, to provide tuition-free education to our students. It's time we did so."