Call to Action: PROSPER Act would eliminate student loans and grants

 

Legislation being considered in Congress would eliminate Direct Subsidized Loans, Grad PLUS loans, SEOG grants and more! Please take action now to oppose the PROSPER act.

H.R. 4508 – the PROSPER Act – would make higher education less accessible and less affordable. That means students at our University would have to pay more out of pocket, or worse, not be able to afford college at all.

If this bill becomes law it would:

 

 

  • Eliminate Direct Subsidized Loans
    • This would drastically increase students’ borrowing costs for higher education.
  • Eliminate Federal Supplemental Educational Opportunity Grants (SEOG)
    • Over 4400 students across the U of I System received $2.2 million of these grants in FY 2017.
  • Slash Federal Work Study (FWS)
    • This would hurt students who work to help pay for their education.
    • Cutting FWS and eliminating SEOG would reduce aid to students across the U of I System by over $4 million.
  • Make graduate students ineligible for Federal Work Study
  • Eliminate Grad PLUS loans
    • Students across the U of I System received over $77 million in Grad PLUS loans in FY 2017.
  • Eliminate programs that support teacher training and foreign language studies

Please TAKE ACTION and ask your federal legislators to support higher education by voting no on H.R. 4508!