Tuition Cost Reduction

Below are the instructions, This is the group paper that i am working on. I have to do the summary on page three which should be about 2 pages double spaced. You should be able to read what we have so far and come up with something. This paper will be checked for plagiarism, it must be APA format. Please ask me any questions.

Lobbying Plan Summary Page 3

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Background Page 4

Policy Identification and Proposal Page 5

Stakeholder Identification Page 6

Lobbying Strategy Page 7

Resources and Planning Page 9

Conclusion Page 10

References Page 11

Lobbying Plan Summary

Background

Identification: Interest Group

Our interest group is called Students for College Tuition Reform and our client is the Chief Operating Officer of Federal Student Aid, Mark A. Brown. We are referencing Mark Brown because of his leadership in the branch of federal student aid. We are a passionate group of students enrolled at the University of Toledo in favor of lowering tuition costs in order to make college tuition more affordable, and keep students from being in debt far after they have graduated from college.

Student Loan Statistics

Student loans as of 2020 are up to about one and a half trillion dollars which is higher than the two hundred fifty billion dollars in 2004. Student loans are now the second largest piece of household debt after mortgages, bigger than credit card debt. The amount of people student loans affect in America is about forty-two million which is about one in every eight.

It takes students about twenty years on average to pay off their student loans and in 2013 it took students 21.1 years on average to pay off their student loan debt. Knowing that a medical school graduate’s salary is typically higher than most other occupations, it could be inferred that it would be easier for such students to pay off their student loans faster than most other students. However, it actually takes these graduates approximately four more years to pay off their student loan debt than many other students because their schooling costs are sufficiently higher. There are numerous statistics further supporting the point that many students struggle with the burden of student loan debt even decades after graduation.

Policy Identification and Proposal

Lobbying Plan

Millions of college graduates struggle day in and day out to pay off their student loans. It takes many professional degree graduates up to forty-six years to pay off their student loans. In order to lower the amount of student loans of those who have graduated, Students for College Tuition Reform are proposing a lobbying plan to the Chief Operating Officer of Federal Student Aid, Mark A. Brown, in order to help burdened students across the nation. The policy we would like to implement is raising state taxes while also providing citizens the option to donate customized amounts of money in order to lower tuition costs and fund colleges. In order to fix the cost of tuition new rules would have to be implemented.

Problem

The student loan debt amount for the year 2020 weighs in at approximately 1.56 trillion dollars in the United States. This amount of money is spread across nearly forty-five million borrowers. Student loan debt is currently runner up in the highest consumer debt category in the entire country, right under mortgage debt. This puts student loan debt above auto loans and credit card debt. The age group carrying the most amount of debt is those from ages twenty-five to thirty-four. This age group holds 501.5 billion dollars in student loan debt and this amount is distributed among fifteen million borrowers. That adds up to approximately 33,500 dollars per borrower on average. Many students end up paying a grand total of twice the original amount because of the high interest rates on tuition.

Solutions

The main reason that colleges have to charge so much for tuition is because they do not receive enough funding from their respective states. In order to fix this problem we would need to raise taxes for households earning a salary of 750,000 dollars or more a year by 5%. Raising taxes for this specific group would go directly to state funding organizations for colleges and universities. These funds will be used strictly to lower the cost of tuition, thus making it more affordable and accessible for various groups of people.

Another proposition Students for College Tuition Reform would like to consider implementing is an optional tax donation available to citizens when they vote that allows voters to raise money directly for local and state colleges to lower tuition costs. This donation would allow any citizen who votes to add a customized amount of money onto their taxes for the year that go directly to colleges in order to offer lower tuition costs to current students.

Effects of Implementation

Raising state taxes by five percent for households earning 750,000 dollars or more annually would take care of a large majority of tuition costs across the nation. The five percent tax raise would lower tuition costs by approximately eighty-five percent and the voluntary tax raise would lower tuition costs by an additional ten percent. The voluntary donations will not lower tuition costs as drastically as the state tax raise. However, it will be a significant help to allow citizens to help out those in need and create more opportunities for others who have not been given as many.

Stakeholder Identification

Stakeholders affected

Many taxpayers that earn 750,000 dollars or more annually will most likely be against this policy. Another group that will most likely be against our policy are citizens and politicians that fall on the extreme republican side of the political spectrum. We understand that this policy may be frustrating for many of those citizens that have already paid off their student loan debt. However, this policy is about the bigger picture of what college will look like for U.S. students in the near and far future.

Those in favor of this policy would be college students and many citizens who are familiar with the financial and emotional stress of student debt. Another group that would be in favor of this policy is the college administrations in and of themselves because the overall mental and financial well-being of their students will be positively and greatly impacted by these implementations.

The groups that are most impacted by these implementations are current and future college students and citizens with a collective household income of 750,000 dollars or more annually. These three groups are the most impacted of this policy followed by college administrations.

Policy Makers

The policy makers that we are focused on are the democratic members of Congress from Ohio. We are focusing on the two branches of congress individually. The first member we would like to focus on is a democratic member of the Senate, Sherrod Brown. Sherrod Brown has a history of improving accessibility to education for all groups of people. Sherrod Brown voted yes on Elizabeth Warren’s proposal to lower interest rates on college tuition. The second member we would like to focus on is Marcia L. Fudge, a member of the House of Representatives. Marcia Fudge is on the House Committee on Education and Labor, and she stands for the improvement of education. This leads us to infer that they would be in great favor of our policy to lower the cost of tuition once they hear of our solutions to fix many of the problems that stand in the way of lowering costs.

Lobbying Strategies

Resources and Planning

Conclusion

References
“Biography.” Congresswoman Marcia Fudge, fudge.house.gov/biography.
Friedman, Zack. “Student Loan Debt Statistics In 2020: A Record $1.6 Trillion.” Forbes, Forbes Magazine, 24 Nov. 2020, www.forbes.com/sites/zackfriedman/2020/02/03/student-loan-debt-statistics/?sh=18f21c16281f.
Hanson, Mel. “Average Time to Pay Off Student Loans [2020]: Data Analysis.” EducationData, 14 Nov. 2020, educationdata.org/average-time-to-repay-student-loans.s

Looney, Adam, et al. “Who Owes All That Student Debt? And Who’d Benefit If It Were Forgiven?” Brookings, Brookings, 27 Oct. 2020, www.brookings.edu/policy2020/votervital/who-owes-all-that-student-debt-and-whod-benefit-if-it-were-forgiven/.

“Mark A. Brown, Chief Operating Officer of Federal Student Aid — Biography.” Home, US Department of Education (ED), 9 Apr. 2019, www2.ed.gov/news/staff/bios/brown.html.

Sherrod Brown on Education, 9 Oct. 2018, www.ontheissues.org/social/Sherrod_Brown_Education.htm.

Thomas, Clive S. “Interest Group.” Encyclopædia Britannica, Encyclopædia Britannica, Inc., 9 Nov. 2020, www.britannica.com/topic/interest-group.

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