This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
News
Latest News
Rubio: “La Tenacidad y Valentía del Pueblo venezolano Estarán a la Vista”
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...
Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
Rubio, Young, Colleagues Reintroduce Innovative College Financing Option
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.