06 LC 28
3020
Senate
Resolution 1113
By:
Senators Harp of the 29th and Wiles of the 37th
A
RESOLUTION
To
create the Senate Study Committee on Student Loans; and for other
purposes.
WHEREAS,
the State of Georgia has many talented students who cannot afford the cost of
postsecondary educations; and
WHEREAS,
although there are many opportunities for many students to obtain scholarships,
grants, and loans to finance their educations, there are some deserving students
who cannot obtain such financial assistance or a sufficient amount of such
assistance to defray the costs of college; and
WHEREAS,
it is in the best interests of the State of Georgia to ensure that these
students have an opportunity to attend college and provide this state with the
benefit of their knowledge and intellect; and
WHEREAS,
it may be beneficial to the State of Georgia to create a student loan program
for these students that would provide a maximum loan amount of $10,000.00 per
year or the cost of attendance of a student minus the expected family assistance
and the estimated amount of the
student́s
other loans, grants, and scholarships; and
WHEREAS,
applicants for such loans shall be required to apply for other educational
assistance, including scholarships, grants, and other loans, and to provide
information regarding such other applications and the result of such
applications as a condition of applying for a loan; and
WHEREAS,
such loans would be designed to be funding of the last resort for students who
have diligently sought scholarships, grants, and other loans but cannot obtain
sufficient funding for their educations; and
WHEREAS,
this concept is certainly worthy of serious study and review to determine if it
would be workable in Georgia and whether it would be beneficial to Georgia
students.
NOW,
THEREFORE, BE IT RESOLVED BY THE SENATE that there is created the Senate Study
Committee on Student Loans to be composed of five members of the Senate to be
appointed by the Senate Committee on Assignments. The Senate Committee on
Assignments shall designate a member of the committee as chairperson of the
committee. The chairperson shall call all meetings of the
committee.
BE
IT FURTHER RESOLVED that the committee shall undertake a study of the above
issues and recommend any actions or legislation that the committee deems
necessary or appropriate. The committee may conduct such meetings at such
places and at such times as it may deem necessary or convenient to enable it to
exercise fully and effectively its powers, perform its duties, and accomplish
the objectives and purposes of this resolution. The members of the committee
shall receive the allowances authorized for legislative members of interim
legislative committees but shall receive the same for not more than five days
unless additional days are authorized. The funds necessary to carry out the
provisions of this resolution shall come from the funds appropriated to the
Senate. In the event that the committee makes a report of its findings and
recommendations with suggestions for proposed legislation, if any, such report
shall be made on or before December 31, 2006. The committee shall stand
abolished on December 31, 2006.