Ron Paul
2007 Ron Paul Chapter 6

Ron Paul Introducing The Make College Affordable Act

4 January 2007

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Introducing The Make College Affordable Act
4 January 2007

2007 Ron Paul 6:1
Mr. PAUL. Madam Speaker, I rise to help millions of Americans afford higher education by introducing the Make College Affordable Act of 2007, which makes college tuition tax deductible. Today the average cost of education at a state university is $12,796 per year, and the cost of education at a private university is $30,367 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.

2007 Ron Paul 6:2
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.

2007 Ron Paul 6:3
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.

2007 Ron Paul 6:4
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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