Florida Senate - 2016 (NP) SR 1734 By Senator Bullard 39-02067-16 20161734__ 1 Senate Resolution 2 A resolution recognizing the importance of ensuring 3 that the students of this state have access to debt 4 free higher education at public colleges and 5 universities. 6 7 WHEREAS, the economic competitiveness of this state and 8 this nation in the global economy requires a well-educated 9 workforce, and 10 WHEREAS, in 2014, students in this state on average had 11 nearly $25,000 in debt from federal and private loans upon 12 graduation from public and nonprofit colleges, which 13 significantly hinders their ability to participate in the local 14 economy, and 15 WHEREAS, young people in this state should have the same 16 opportunity offered to those who went to college in previous 17 generations, including the ability to attend state colleges and 18 universities without taking on burdensome debt, and 19 WHEREAS, in 2015, higher education is more important than 20 ever because it is an essential step to entering and remaining 21 in the middle class, and 22 WHEREAS, because of the importance of higher education, the 23 federal, state, and local governments should extend the 24 opportunity to pursue and attain higher education to more people 25 than were afforded that opportunity in the past, and 26 WHEREAS, public investment in higher education pays off, as 27 evidenced by the fact that the G.I. Bill resulted in a 7-to-1 28 return on investment for our national economy and the fact that 29 workers with college degrees earn more money, pay more taxes, 30 and rely less on government services, and 31 WHEREAS, student loan debt saddles the students who most 32 depend on the power of a college degree to level the economic 33 playing field with a burden that constrains career choices, 34 adversely affects students’ credit ratings, prevents people from 35 fully participating in the economy by purchasing goods and 36 services, and threatens essential milestones of the American 37 dream, including the purchase of a home or a car, starting a 38 family, and saving for retirement, and 39 WHEREAS, legislative resolutions have been introduced at 40 the national level which are raising the national dialogue 41 around funding for higher education, NOW, THEREFORE, 42 43 Be It Resolved by the Senate of the State of Florida: 44 45 That the importance of ensuring that the students of this 46 state have access to debt-free higher education at public 47 colleges and universities is recognized.