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ICYMI: Rubio Joins Fox and Friends

U.S. Senator Marco Rubio (R-FL) joined Fox and Friends to discuss the ISIS attack against Russia and the possibility of terrorists crossing the U.S. southern border. Watch the full interview on YouTube and Rumble. On the ISIS terrorist attack against Russia: “[ISIS]...

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ICYMI: Rubio Joins NBC 6

U.S. Senator Marco Rubio (R-FL) joined NBC 6 to discuss the plight of the working class, Americans trapped in Haiti, the protests in Cuba, and more. See below for highlights and watch on YouTube and Rumble.  On the plight of working Americans: “All the efforts to...

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ICYMI: Rubio Joins ABC’s This Week

U.S. Senator Marco Rubio (R-FL) joined ABC’s This Week to discuss the ISIS terrorist attack in Russia, ISIS’s ability to exploit America’s open border, and anti-Israel sentiment in the Democrat Party. Watch the full interview on YouTube and Rumble. On the ISIS...

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Rubio, Young, Colleagues Reintroduce Innovative College Financing Option

Jul 20, 2022 | Press Releases

U.S. Senators Marco Rubio (R-FL) and Todd Young (R-IN) reintroduced the ISA Student Protection Act. The bill would create a framework for Income Share Agreements (ISAs), an innovative financing tool for students who are pursuing postsecondary education or training. It would also create consumer protections to improve their effectiveness – protecting students and ensuring their success in the workforce.

  • “Everything is more expensive these days, especially the cost of a college degree. This common sense bill creates a debt-free financing option for students.” – Senator Rubio
  • “One thing we can all agree on is the importance of a quality and affordable education. As we face record-high inflation, many students and their families continue to face financial hardship and rising student loan debt. With the appropriate safeguards, ISAs can be an innovative, debt-free financing option for students of all backgrounds. Our bipartisan bill works to strengthen the framework for ISAs to help colleges and career and technical schools prepare students for success in the workforce at no cost to the taxpayer.” – Senator Young

 
ISAs are an innovative and affordable way for students to finance their education based on their future income without going into debt. Under an ISA, a student agrees to pay a percentage of their income over a given time period in exchange for payments for tuition and expenses from nongovernmental sources. When the agreed timeframe ends, the student stops payments regardless of whether the initial amount was paid back to the ISA funder. 
 
Rubio and Young first introduced the legislation in July 2019. 
 
Senators Warner (D-VA) and Coons (D-DE) are also cosponsors.
 
This legislation is supported by Jobs for the Future, the Invest in Student Advancement Alliance, Student Freedom Initiative, the San Diego Workforce Partnership, FreeWorld, Better Future Forward, Purdue University, and more.
  
To see a full list of endorsement quotes, click here

Related… Rubio has long supported helping students pay for college by reforming the student loan system. His LOAN Act would eliminate interest on federal direct student loans and replace it with a one-time, non-compounding origination fee that borrowers pay over the life of the loan.