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2005 Ron Paul Chapter 11
Not linked on Ron Paul’s Congressional website.
Congressional Record [.PDF]
Introducing The Make College Affordable Act
26 January 2005
HON. RON PAUL
OF TEXAS
IN THE HOUSE OF REPRESENTATIVES
Wednesday, January 26, 2005
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Mr. PAUL. Mr. Speaker, I rise to introduce the Make College Affordable Act of 2005. This
legislation helps millions of Americans afford
college by making college tuition tax deductible.
Today the average cost of education at a
state university is $9,802 per year, and the
cost of education at a private university is
$31,052 per year! These high costs have left
many middle class American families struggling
to afford college for their children, who
are often ineligible for financial aid. Therefore,
middle class students have no choice but to
obtain student loans, and thus leave college
saddled with massive debt.
2005 Ron Paul 11:2
Even families who plan and save well in advance for their children’s education may have
a difficult time because their savings are eroded
by taxation and inflation. The Make College
Affordable Act will help these middle class students
by allowing them, or their parents or
guardians who claim them as dependents, to
deduct the cost of college tuition as well as
the cost of student loan repayments.
2005 Ron Paul 11:3
The Make College Affordable Act will also help older or nontraditional students looking to
improve their job skills or prepare for a career
change, by pursuing higher education. In today’s
economy, the average American worker
can expect to change jobs, and even careers,
several times during his or her working life,
making it more important than ever that working
Americans be able to devote their resources
to continuing their educations.
2005 Ron Paul 11:4
Helping the American people use their own money to ensure every qualified American can
receive a college education is one of the best
investments this Congress can make in the future.
I therefore urge my colleagues to help
strengthen America by ensuring more Americans
can obtain college educations by cosponsoring
the Make College Affordable Act.
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