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PRESS RELEASE: College Democrats of Illinois supports “Pay it Forward, Pay it Back” Student Loan Plan

FOR IMMEDIATE RELEASE May 16, 2014
Annie Kehler, Communications Director
kehlera@collegedems.com
(303) 912 - 0993

 

 

 

 

College Democrats of Illinois supports “Pay it Forward, Pay it Back” Student Loan Plan

                The College Democrats of Illinois supports the “Pay it Forward, Pay it Back” bill introduced by State Senator and Nominee for IL Treasurer, Mike Frerichs.  

 

ILLINOIS - The College Democrats of Illinois are proud to support the ‘Pay it Forward, Pay it Back’ student loan plan (HB 5323), introduced by State Senator Mike Frerichs.   Recently passed out of committee, this plan – similar  to plans successfully adopted in states like Oregon, Pennsylvania, and Ohio – helps to relieve the burden of student loan debt for Illinois students.

This program would provide interest-free loans to students who attend public colleges and universities in Illinois. Once a student secures a job, they then would pay a small percentage of their salary to a general fund that in time, would become self-sustaining.

With tuition skyrocketing and income declining, ‘Pay it Forward, Pay it Back’ would allow students to attend college regardless of their financial situation. By investing in students today, Illinois is promoting innovation and is training the workers of tomorrow for the jobs of the future.

“Senator Frerichs has a long standing history of supporting the students of Illinois, and his innovative policy solutions are what we need in the Treasurer’s office,” said College Democrats of Illinois’ President-elect Brexton Isaacs. “The ‘Pay it Forward, Pay it Back’ plan is a perfect example of his commitment to young people in our state, and it is because of this the College Democrats of Illinois and our members across the state firmly support Mike.”

 

 

 

College Democrats of Illinois is a chartered state federation of the College Democrats of America, the official youth arm of the Democratic Party. As a group representing collegiate Democrats across the state, the College Democrats of Illinois strives to educate students on Democratic values, promote advocacy in concert with student leaders' furthering of those values, and engage students with local, state and federal campaigns.

 

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