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Merkley's "Pay it Forward" Guaranteed College Affordability Act

Dem. Senator Jeff Merkley Proposes Income-Based Loan Repayment

August 20, 2013

Merkley's "Pay it Forward" Guaranteed College Affordability Act

by Kevin Ladd

The new student loan bill Senator Merkley (D-Ore.) plans to introduce is a progressive idea intended to battle high loan repayment costs and hopefully restore the middle-class in the United States. The announcement of this proposal came after President Obama signed a student loan bill into law on August 9th. The new loan bill sets interest rates for undergraduate loans to the 10-year Treasury note plus 2.05% with a cap of 8.25%. While some Democrats oppose the bill as they feel Congress shouldn't "profit off the backs of students", it seems widely to be seen as an improvement over the default doubling of rates from 3.4% to a flat 6.8%. Merkley's goal is to make much bolder steps and pursue steps that more favor the middle-class and promote more affordable post-secondary education. As always, any ideas or comments you have are welcome and we will be sure to pass your ideas onto both the President and Senator Merkley!

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Advice for Incoming Freshman

by Carly Gerber

No matter who you were or what you were known for in high school, college is a fresh start for all students. With a new academic year upon us (already?!), here are some tips for incoming freshmen on how to make their first year a great one:

  • Be a self-advocate. Your university has all the resources you need to help find internships, jobs, organizations and clubs to get involved with. For example, there are writing centers and tutors that want to help students but it’s up to the students to find the resources they need.
  • Be a student first. It’s important to attend class as much as possible and to create healthy relationships with your professors. If you’re applying for jobs or internships that need letters of recommendation, your professors will be happy to vouch for you if they know you and your work ethic. For students going to universities with large lecture-style classes, it’s still possible to create a relationship with your professors by sitting in the front and asking questions or going to office hours.
  • Start interning as soon as possible. Many students take classes while they have an internship so talk to a career counselor on your campus to learn how you can find an internship. If you don’t want to be overwhelmed during the school year, apply for an internship for holiday break or over the summer. Internship experience on your resume will show employers that you’re a hard worker and have dedication, which are qualities they want in future employees.
  • Pick your posse carefully. During my college orientation, one faculty member uttered that exact sentence. Once I got over the fact he used the word “posse”, I realized his advice is true: Surround yourself with people that make you a better person – you never know how meeting one person can positively impact your entire life so always be friendly and welcoming.

Do you have any advice for incoming college freshmen?

Carly Gerber is majoring in journalism at Columbia College Chicago. She loves fashion and hopes to cover the topic for a Chicago-area magazine. In her free time, she focuses on her blog, loves making jewelry and spending time on Pinterest and Pose. She hopes to use this blog to guide and relate to its followers: college students like herself!


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