Marco Rubio Teams With Indiana Republicans On Higher Education Financing Proposal
By Sunshine State News // February 6, 2017
SENATORS BRING OUT Investing in Student Success Act
(SUNSHINE STATE NEWS) – U.S. Sen. Marco Rubio, R-Fla., has teamed with two Indiana Republicans — former Gov. Mitch Daniels and U.S. Sen. Todd Young — to unveil a proposal to reform higher education financing.
Rubio and Young brought out the “Investing in Student Success Act” to “create a legal structure for a new debt-free higher education financing option called income share agreements (ISA)” which helps take taxpayers off the hook for defaulted loans.
Rubio and Young, then a member of the U.S. House, worked on the legislation last year.
“It’s getting harder and harder for American families to afford the rising costs of college, and students are often forced to run up thousands of dollars of debt,” Rubio said as he introduced the bill on Thursday.
“This innovative Legislation would empower students to leverage their future income today and access the financial resources of businesses, individuals and nonprofit organizations in order to achieve their higher education goals.”
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