Mark Warner & College Affordability

Mark Warner & College Affordability
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Senator Mark Warner (D-VA) speaks during town hall at George Mason University Credit: Lathan Goumas

Summary

Warner Town Hall at GMU
When: September 13, 2019 12:00 am
Where: GMU Hub Ballroom

On Friday, Sept. 13, Senator Mark Warner hosted a town hall meeting in the Hub ballroom aimed at addressing his legislative initiatives, including the Student Right to Know Before You Go Act of 2019 and other issues surrounding higher education costs.

For more information on the Virginia Senators and Higher Ed – go to this post. For more information on Mark Warner – go to this post.

Four Minute Video

By Mason Cable Network

Fourth Estate article

By Hailey Bullis, Co Editor-in-Chief

Senator Mark Warner focuses on student loan debt, financial literacy and other issues

During his opening statement, Warner talked about his business background and a few of the different legislative measures he has put forward centering around college affordability and student financial literacy.

Warner noted that the decision on where a student goes to college and the cost of attending a university will probably, next to buying a house, be the most expensive investment that student makes.

“We do a really crummy job in this country of trying to give you the right information and have the right kind of price transparency around making that selection, so I’ve got a series of bills, legislative bills, that try to say, ‘How do we make sure that you are a more informed consumer before you go?’” said Warner.

Before welcoming Warner to the stage, Mason President Anne Holton took the opportunity to note the diversity of backgrounds in Mason’s community and why the discussion on the cost of higher education was important at Mason.

“We are a student body — as you know — largely comprised of folks who don’t come from a lot of wealth … over a third of our student body is First Gen college students, almost a third of our student body are students who are eligible for Pell Grants, students from lower income backgrounds, students with lots of need,” Holton said.

She continued, “The great thing is that we take them on here at Mason to great graduation rates, to great jobs throughout Northern Virginia and the United States and the world.”

The Student Right to Know Before You Go Act of 2019, on which Warner partnered with Senators Marco Rubio and Ron Wyden, aims at increasing students’ access to information about a school’s graduation rates, how much a graduate can expect to earn, and student debt levels before they make important decisions about higher education.

Warner also brought up his Employer Participation in Repayment Act that would allow employers to pay for employees’ student loan payments, or even send an employee back to school using pre-tax dollars. He also talked about making the Dynamic Student Loan Repayment Act, an income-based repayment legislation, the “number one or two number top priority” for the Senate.

During the question and answer portion of the town hall, Student Body President Camden Layton asked Warner several questions that were sent in beforehand by Mason students that centered around increasing Pell Grants, student financial assistance and financial literacy.

Fourth Estate/Dominique Bernardino

A few Mason students also had an opportunity to ask Warner their questions directly.  Among them was Will McLauchlin, a sophomore at Mason, who asked if Warner would support Bernie Sanders’ plan to cancel student debt, a prominent issue among the Democratic party.

Warner said he does not support Sanders’ plan, saying, “There is nothing progressive about leaving your generation with a country that can’t pay its bills.”“I have several friends here with great amounts of student loan debt and I’m aware that your colleague in the Senate, Senator Bernie Sanders, has introduced legislation … to make public colleges’ and universities’ four year tuition free… we are the richest country in the world…in my opinion, if we can bail out the banks on Wall Street, we can bail out the students too,” McLauchlin said.

Another Mason student, Nick Steinmetz, who is an out-of-state student from Florida brought attention to out-of-state tuition costs. “I’ve spent my entire life in the state of Florida, however, I realized because I wanted a career in politics I had to be in the capital region but out-of-state tuition is astronomical,” he said. He proceeded to ask Warner if he had any plans to drive down out-of-state tuition costs.

Warner said this is because out-of-state students do not have representatives at the state legislative level. Warner said he does not have a simple answer to the high tuition costs out-of-state students face. “Unless we can decrease the inflation rate in higher education, we’re just nibbling around the edges,” he said.

Both Student Government and GMU Democrats were present at the event.

For Taylor Moore, the Executive Secretary of University Services of Student Government, student loan debt and the discussion surrounding it is going to be an important voting issue for her this November.

“For me, I would say student loan debt and the whole discussion around that is something that is very important to me because I do like education … and education policy, and I am a student and I have a lot of debt,” she said.

Emma Salas, the chief of staff for GMU Democrats, also said that college affordability would be a big voting issue in the November election.

“It’s a super important issue, especially — I’m an out-of-state student — this will be the first time I’m voting here in Virginia in this local election year … At [Warner’s] level, college affordability [is] a big [issue],” she said.

Warner ended the town hall by urging attendees to go vote. “This year, every member of the General Assembly, all 100 house seats, all 40 senate seats — those folks will frankly have as much to say about tuition and reimbursement and support,” he said. “So please get out there if you’re a Virginian and vote this fall.”

Mason News

Sen. Mark Warner meets with Mason students to talk about college affordability

By John Hollis
September 13, 2019

His father paid for his first semester of college, U.S. Sen. Mark Warner said Friday, but that after that, he was on his own and took out student loans to pay for his education.

Speaking in The Hub Ballroom to an estimated 200 Mason students, faculty and staff, the two-term Virginia Democrat and former Virginia governor said he wants to ensure college remains affordable for all students. Warner highlighted legislation and other measures he supports that could ease the financial pinch many college students face nationwide amidst soaring tuition costs that can result in crippling student debt.

“We have to figure out how we can slow the growing costs of college education,” Warner said. “We’re not going to be able to stop it, but we can slow it and provide a series of other options.”

That likely came as welcome news to Mason President Anne Holton, whose introduction of Warner noted that more than a third of Mason students are first-generation college students, and almost a third of them are Pell Grant-eligible. Yet Mason boasts among the lowest student default rates in the state and virtually no disparity in graduation rates among both Pell Grant recipients and nonrecipients.

“That doesn’t mean, Sen. Warner, that we don’t have an affordability issue,” said Holton, a longtime friend of Warner, along with her husband, U.S. Sen. Tim Kaine (D-Va.). “We absolutely do because of the students we’re serving and the high quality of work we’re doing with them.”

Virginia’s senior senator noted that student debt is a detriment to the national economy because it often hinders young people from taking entrepreneurial risks, buying homes or even getting married.

“It’s a crushing burden,” Warner said.

Warner cited legislation currently under consideration that would lower student debt by refinancing loans “to a manageable level.” He also cited proposed “know before you go” legislation that would provide better financial guidance to prospective college students in the hopes of creating better informed consumers. He said he also supports increased Pell Grant funding and a more simplified financial aid system.

That’s just what Sarah Kurian had hoped to hear. The junior global affairs major from Reston, Virginia, said that she came to hear Sen. Warner because higher education affordability especially resonates with college students.

“It’s really an important issue for us,” she said. “So it was really nice to hear a politician talking about it.”

Not everybody went away completely satisfied, however. Sophomore government and international politics major Will McLauchlin asked Warner if he’d support legislation that would mandate free college for students and cancellation of all student debt, but didn’t get the answer for which he hoped.

Warner said it wouldn’t be responsible to leave his children a country that couldn’t afford to pay its bills.

“I don’t think there’s anything progressive about promising you free stuff if we can’t pay for it,” Warner said.

Full Video by GMU-TV

(*This was filmed by GMUTV- George Mason University Television. Virginia onAir does not own the rights to this video.*)

Photos by Lathan Goumas

Education Proposals

Empowering Students through Enhanced Financial Counseling Act

he Empowering Students through Enhanced Financial Counseling Act will take the important step of tackling student loan debt on the front end by increasing financial literacy among prospective borrowers and empowering them to make better-informed decisions about their higher education financing. Current law only requires that institutions provide one-time entrance and exit counseling to student loan borrowers receiving federal student aid, excluding Parent PLUS loans and consolidation loans. This bill will promote financial literacy by requiring that federal student loan borrowers – both students and parents – receive annual counseling that reflects their individual borrowing situation; increasing awareness of accumulating financial obligations by requiring borrowers to consent each year before receiving federal student loans; requiring annual counseling for Pell Grant recipients; and directing the U.S. Secretary of Education to maintain and distribute an online counseling tool that institutions can use to provide the counseling required by the bill.

The Empowering Students through Enhanced Financial Counseling Act is being cosponsored by Senators Mark Warner (D-VA), by Tim Kaine (D-VA), Cory Gardner (R-CO), and Tim Scott (R-SC). This legislation has the support of the National Education Association, Bipartisan Policy Center, UNCF, TICAS, Chiefs for Change, and American Student Assistance.  For more information on Senator Warner’s government website, go here.

Full Transcript of Town Hall

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The lead curator for this Mark Warner & College Affordability post is Yasmin Jaramillo.

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