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HR-26 (2013-2014)

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HR26:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2013–2014 REGULAR SESSION

House Resolution No. 26


Introduced by Assembly Members Williams and John A. Pérez

September 03, 2013


Relative to student loan forgiveness.


LEGISLATIVE COUNSEL'S DIGEST


HR 26, as introduced, Williams.

WHEREAS, The State of California is committed to improving the affordability and accessibility of the state’s higher education systems, thus preserving the opportunity for Californians to receive a world-class public education; and
WHEREAS, This commitment was demonstrated by the inclusion of the Middle Class Scholarship Act (MCSA) in the 2013-14 Budget Act, which will reduce fees at the University of California and California State University by up to 40 percent for middle class families; and
WHEREAS, The success of California’s community college and university systems is essential to educating and training the workforce needed to continue the recovery and growth of the world’s eighth largest economy and for the businesses in our state to compete and innovate in a global, 21st century economy; and
WHEREAS, The Assembly celebrates the importance of public service and its value to our society, and is dedicated to ensuring that the desire to contribute to public service is not forgone because of financial limitations brought about by student loan debt; and
WHEREAS, California is home to the largest body of public employees in the country that serves a growing population of 38 million; therefore, California has the greatest potential to encourage participation in, and benefit from, programs attracting educated and talented individuals who want to enter public service; and
WHEREAS, California state government administers successful student debt relief programs such as the Assumption Program of Loans for Education for teachers, the State Nursing Assumption Program of Loans for Education for nurses, the Steven M. Thompson Physician Corps Loan Repayment Program, and partnerships with AmeriCorps and the Peace Corps; and
WHEREAS, The United States Department of Education created its Public Service Loan Forgiveness (PSLF) Program in 2007 with the goal of helping those burdened by student loan debt that have dedicated their careers to various areas of public service; and
WHEREAS, The PSLF Program offers full student loan forgiveness upon fulfillment of a 10-year Repayment Plan or completion of 120 regular payments through its Direct Loan Program, which offers both Income-Based Repayment and Income-Contingent Repayment options that are beneficial to employees with a wide range of salaries; and
WHEREAS, The PSLF Program stands to benefit many California public employees in fields such as K-12 education, health care, law enforcement, military service, emergency management, public safety, human services, and library services, among others; and
WHEREAS, This federal loan forgiveness program incentivizes college attendance, increases college affordability, and builds partnerships between California universities and public institutions; and
WHEREAS, This resolution reaffirms California’s commitment to maintaining college affordability and accessibility as well as public service; now, therefore, be it
Resolved by the Assembly of the State of California, That the Assembly encourages public employers to take full advantage of the Public Service Loan Forgiveness Program and other available programs that are intended to help college graduates that have incurred student loan debt in their pursuit of a degree; and be it further
Resolved, That the Assembly intends to add its support to the Public Service Loan Forgiveness Program by offering relevant information to all new and current employees; and be it further
Resolved, That the Assembly seek opportunities to promote policies that will provide more loan repayment options to graduates burdened by student loan debt, so that they can gain meaningful employment that enhances their individual financial stability as well as benefits the state as a whole; and be it further
Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the author for appropriate distribution.