Home
About the NTE
Student Governments
Students and Parents
Schools and Associations
Press and Research
Contact Us
Privacy Policy
Download the Endorsement PDF
About the NTE

 

National Tuition Endowment Act (Draft - 2.13.2006)

(Introduced in the [Senate/House])

10Xth CONGRESS, X session, X code

IN THE [SENATE/HOUSE] OF THE UNITED STATES, Date: X

 A BILL

To establish a National Tuition Endowment using the income and savings generated from the federal student financial aid system to provide grants to students.  Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled.

Sec. 1. SHORT TITLE

This Act may be cited as the “National Tuition Endowment Act”.

Sec. 2. FINDINGS

Congress finds that--

(a) there are inefficiencies in the federal student financial aid system; and

(b) the savings and income generated from student financial aid does not return to students.

Sec. 3. THE NATIONAL TUITION ENDOWMENT

1)      INCOME: All income generated from federal student financial aid will be directed into the National Tuition Endowment;

a)      Income defined:

i)        The interest generated from the loans delivered from the William D. Ford Direct Loan program will return to the National Tuition Endowment;

ii)       All revenue generated from loan consolidations through the William D. Ford Direct Loan program will return to the National Tuition Endowment.

2)      SAVINGS: All savings generated from student financial aid will be directed into the National Tuition Endowment;


 

 

a)      Savings defined:

i)        Bond rates: all savings generated by removing fixed rates for educational bonds will return to the National Tuition Endowment;

ii)       Bond recycling: all savings generated from prohibiting the recycling of educational bonds will return to the National Tuition Endowment;

iii)     Interdepartmental taxation: all savings generated from the removal of the U.S. Treasury’s interest charges to the Department of Education will return to the National Tuition Endowment;

iv)     Default subsidies: all savings generated from the elimination of default subsidies from the Federal Family Educational Loan Program will return to the National Tuition Endowment;

v)   Guarantee Agencies: all savings generated by reducing subsidies to guarantee agencies will return to the National Tuition Endowment;

3)      ELIGIBILITY:

a)   Low-income and middle-income undergraduates in their last two years: (a) to help community college students transfer; (b) to help all undergrads complete a four-year degree;

b)   Low-income and middle-income students in 2-year vocational terminal degrees: (a) to help community college students gain access to school; (b) to help stimulate the economy by making the first 16 years of schooling a right not a privilege;

c)   Students pursuing state licensure for teaching degrees: (a) to help teachers complete their 5th-year of schooling; (b) to encourage students to complete an educational degree;

d)   Low-income and middle-income students in graduate and professional degree programs: (a) to encourage enrollment in post-baccalaureate education; (b) to encourage completion of graduate and professional degrees;

4)      DELIVERY:

a)    The Department of Education will deliver National Tuition Endowment scholarships to students in the same manner that Pell grants are currently delivered;

5)      ENDOWMENT INDEPENDENCE:

a)      The income and savings for the National Tuition Endowment cannot be used to replace any funding for federal financial aid programs.

 

 

 

Co-authors of the National Tuition Endowment Act

Matan Ariel, School of General Studies, Columbia University, NY

Debra Beard, Northern Kentucky University, KY

Rachel Bell, Teachers College, Columbia University, NY

Rob Biederman, Princeton University, NJ

Amy Bothun, American Student Association of Community Colleges, DC

Seth Boyd, University of Nevada Reno, NV

Jessica Braun, Anoka Ramsey Community College-Coon Rapids, MN

Patrick Christner, Minnesota State College Student Association, MN

Tonia M. Compton, University of Nebraska, NE

Doris Dirks, Western Michigan University, MI

Serge Egleman, National Association of Graduate and Professional Students, DC

Amber M. Epp, University of Nebraska, NE

Kineret Fischer, Barnard College, NY

Scott Formo, Alexandria Technical College, MN

Jeffrey Fuller, Kent State University, OH

Jaime Gonzalez, University of Nebraska, NE

Megan A. Greer, Longwood University, VA

Jasmine Harris, United States Student Association, DC

Davina Hoyt, Washington State University, WA

T.L. Jackson, Northern Kentucky University, KY

Jim Masterson, National Association of Graduate and Professional Students, DC

Amanda Robyn Matthews, University of Notre Dame, IN

Frank Moore, University of Nebraska, NE

MaryAngela Moutoussis, Barnard College, NY

Shyam V. Nath, Florida Atlantic University, FL

Wells O'Byrne, Yale University, CT

Justin Pahl, American Student Association of Community Colleges, DC

Kallie Pauza-Moore, Anoka Ramsey Community College-Cambridge, MN

Nick Peyton, University of Washington, WA

Milena Popovic, Florida State University, FL

Jen Schnidman, Columbia College, Columbia University, NY

Joshua Schroeder, Minnesota State College Student Association, MN

Armen Shaomian, University of Miami, FL

Debi Shofner, Northwest Technical College-Bemidji, MN

Holly Snow, Barnard College, NY

Scott Stewart, School of General Studies, Columbia University, NY

Frances A. Stubbs, Longwood University, Farmville, VA

Max Post van der Burg, University of Nebraska, NE

Nathan C. Walker, Teachers College, Columbia University, NY

Candi Walz, Minnesota State College Student Association, MN

Albert Ware, North Hennepin Community College, MN

Jun Xu, State University of New York at Buffalo, NY

 



Seven Pillars of the NTE


Read about America's tuition crisis and the waste in Federal student aid


The appearance of this website does not reflect an endorsement of the National Tuition Endowment Act by Columbia University or the Columbia University Senate.
The Columbia University Senate is hosting this Web site as a courtesy to the student members on the Student Affairs Committee.

  © 2004 Columbia University