AIA and Architecture Students Lobby for Student Debt Relief
More than 50 structure students joined The American Institute of Architects (AIA) and American Institute of Architecture Students (AIAS) on Capitol Hill nowadays to endorse for a law that would provide relief for thousands and thousands of Americans wearing student loan debt.
During their go-to, architecture college students met with lawmakers and their personnel to endorse for answers to scholar loan debt as well as support for the Retirement Parity for Student Loans Act (S. 1428). The legislation would allow employers to count number an employee’s scholar mortgage debt repayment as an identical contribution to that worker’s retirement plan. Any form of pupil mortgage and employer-based retirement plan would qualify under the concept. Ultimately, the rules could allow the latest graduates to begin saving cash for retirement, even as additionally collecting hobby.
“Architecture students are the future of our profession,” stated AIA EVP/Chief Executive Officer Robert Ivy, FAIA. “Congress needs to exchange the game on student loans to make training a viable choice for destiny architects and different professionals. America’s overwhelming pupil loan debt problem deters too many younger Americans from pursuing their dreams and may rob the ones determined to be successful in their economic stability.”
An estimated forty four.7 million Americans owe about $1.5 trillion in pupil loan money owed. According to an AIAS ballot of latest structure students, respondents owed a mean of $forty,000 in gathered debt after commencement. Meanwhile, forty-two percent of Americans between 18-29 years vintage don’t have any retirement financial savings, consistent with a file through the Federal Reserve.
The AIA is taking a multifaceted legislative technique to deal with and alleviate excessive pupil loan debt problems. In addition to advocating for the Retirement Parity for Student Loans Act, the AIA and its members are working with lawmakers to identify methods to make university greater cheap.
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