Ron Paul Quotes
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Congressional Record [.PDF]
IN THE HOUSE OF REPRESENTATIVES
Wednesday, January 26, 2005
2005 Ron Paul 11:1
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 childrens 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 todays 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.