BY RICHARD McGRATH
SPECIAL TO NEWJERSEYNEWSROO.COM
TRENTON – Legislation sponsored by Senate President Steve Sweeney and Senator Sandra Cunningham that addresses college affordability by establishing a “College Affordability Study Commission” gained final legislative approval on Thursday and now goes to the governor. The bill, S979, which includes recommended revisions by the governor, was voted out of the Assembly 71-0.
“Students will continue to drown in a sea of debt if we refuse to take any sort of action on this issue,” said Senator Sweeney. “We cannot stand on the sidelines and allow this to continue. This is a way to study all the factors that contribute to college affordability and to identify ways to make higher education more affordable and to reduce the debts imposed on graduates. College should be within reach of all students, not just the wealthy.”
The Senate President added that the college affordability crisis is reaching its high point, with higher education loan debt now the second-leading debt burden for Americans under age 35, trailing only home mortgages.