With costs for post-secondary education continuing to skyrocket out of sight and concerns growing about the crushing burden of student loan debt, a new nonprofit organization, Americans for Affordable College Costs (AACC), is being launched to help parents and young people. AACC is available online at http://www.americansforaffordablecollegecosts.org/.
executive director James A. Boyle said: “We aim to help families
achieve the American dream – an affordable college education and a
bright, financially successful future for their kids. AACC will be an
important new information source and voice for parents and students,
fighting for their rights on key issues, including making the tuition
tax deduction a permanent part of our tax code, fighting against
government cuts to education funding, and protecting the financial
rights of families who invested in prepaid college savings accounts that
may be threatened by financial insolvency.”
The AACC agenda includes:
Fighting to restore the tuition tax deduction and to make it a
permanent incentive in the nation’s tax code, keeping education more
* Supporting extension to all 50 states the state
tax deduction for contributions to 529 plan college savings accounts,
regardless of where the account owner resides.
better protections for student loans, including a right to more
transparency in student loan terms, a fair loan with full disclosure
provisions, robust enforcement to prevent abuses, and the right to
legitimate recourse after graduation in the event of a medical
catastrophe (with financial protections in that instance for co-signing
* Supporting efforts to allow families to refinance
student loans at now available lower interest rates, to reduce the
staggering costs and long-term burdens of loan repayment on students and
co-signing family members.
In addition, AACC will provide
parents and students innovative benefits and critical information that
families need to lower their tuition bills and make the dream of a
college education more affordable. AACC will provide this information,
prepared by experts in higher education, consumer rights, and personal
finance, through its website, as well as via newsletters, blogs,
seminars, videos, webcasts, telephone town hall meetings, outreach
through local and national media, and by informing local, state and
national government leaders about policies and opportunities to reduce
the skyrocketing cost of college.
In the process, AACC will
provide public pragmatic “how-to” content and guidance to help families
squeeze more savings out of tight family budgets. These savings can be
used, if desired, to augment college savings efforts.
AACC will unveil its new Lower Your Tuition program, a national
membership program featuring benefits and important information designed
to save members up to one full year of tuition at over 300
participating colleges and universities across the U.S.