[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 270 Referred in Senate (RFS)]
1st Session
H. CON. RES. 270
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
October 16, 2003
Received and referred to the Committee on Health, Education, Labor, and
Pensions
_______________________________________________________________________
CONCURRENT RESOLUTION
Supporting the goals and ideals of College Savings Month.
Whereas the people of the United States recognize the challenge and accept the
responsibility of obtaining the education and skills that will enable
them to successfully compete in the global economy of the 21st century;
Whereas since 1980 the rate of increase of the cost of postsecondary education
has exceeded the rate of increase of inflation, public assistance to
students, and family income;
Whereas the rapidly rising cost of postsecondary education poses a serious
threat to the ability of the people of the United States to ensure their
and their children's access to postsecondary education;
Whereas since 1992 the annual amount of new student loan commitments has
increased from $15,000,000,000 to $35,000,000,000, which represents an
increasing burden on college graduates to pay for their college
education long after that education is completed;
Whereas it is in the interest of the Nation to ensure that the people of the
United States have the opportunity to obtain a postsecondary education
and to encourage parents to save for their children's education;
Whereas many States have offered tax incentives to encourage their citizens to
save for educational expenses;
Whereas additional Federal tax incentives to encourage the people of the United
States to save for educational expenses became effective after December
31, 2001; and
Whereas the National Association of State Treasurers and the College Savings
Plan Network have requested that the Congress designate September as
College Savings Month in order to raise public awareness about the need
to save for educational expenses: Now, therefore, be it
Resolved by the House of Representatives (the Senate concurring),
That the Congress supports the goals and ideals of College Savings
Month.
Passed the House of Representatives October 15, 2003.
Attest:
JEFF TRANDAHL,
Clerk.