Illinois General Assembly - Full Text of HR0223
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Full Text of HR0223  102nd General Assembly

HR0223 102ND GENERAL ASSEMBLY


  

 


 
HR0223LRB102 18128 ECR 25408 r

1
HOUSE RESOLUTION

 
2    WHEREAS, The United States faces a student debt crisis
3with Americans owing more than $1.7 trillion in student loans,
4which is more than a 100 percent increase over the last decade;
5and
 
6    WHEREAS, For-profit borrowers default at twice the rate of
7public two-year borrowers; and
 
8    WHEREAS, For-profit colleges serve less than 8 percent of
9Illinois students yet account for 1.7 times more in defaulted
10loan amounts than all other Illinois public and private
11institutions combined; and
 
12    WHEREAS, 74 of the 78 Illinois programs considered failing
13or near-failing, based on graduate debt-to-earning ratios, are
14at for-profit colleges; and
 
15    WHEREAS, Students of for-profit colleges often have lower
16graduation rates, have lower post-graduation earning
17potentials, and can face challenges in transferring credits to
18other institutions; and
 
19    WHEREAS, 99 percent of students' fraud claims concern
20for-profit colleges; and
 

 

 

HR0223- 2 -LRB102 18128 ECR 25408 r

1    WHEREAS, For-profit college executives are duty bound to
2act 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;
5however, the same appropriation could have funded not only
6these students' education at community college but an
7additional 5,600 students as well; and
 
8    WHEREAS, The goal of MAP is to provide grant assistance to
9eligible Illinois students demonstrating financial need to
10help make college more affordable, and the average cost of
11higher education at Illinois' for-profit colleges is nearly
12twice as much compared to public universities for Illinois'
13lowest-income students; therefore, be it
 
14    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
15HUNDRED SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
16we urge prospective Illinois students to attend public and
17nonprofit colleges and universities so that they can
18experience manageable debts, greater career earnings, and
19stronger returns on their investment in a higher education;
20and be it further
 
21    RESOLVED, That we urge the General Assembly to use

 

 

HR0223- 3 -LRB102 18128 ECR 25408 r

1taxpayer funding to support high-quality student-centered
2higher education instead of subsidize profits for private
3companies.