New Report Calls For Illinois To Reinvest In Higher Education At Pre-Recession Levels As Nearly One Billion Dollars In Post-Recession Cuts Loom

FOR IMMEDIATE RELEASE:

[Chicago]– Young Invincibles has released The Case for Returning Higher Education Funding to Pre-Recession Levels As Nearly One Billion Dollars in Cuts Loom – a brief exploring the impact of recent higher education spending cuts on Illinois students, and the expected consequences of further cuts under Governor Bruce Rauner’s budget proposal. The report recommends lawmakers return higher education spending to pre-Recession levels in order to achieve Illinois’ goal of getting 60 percent of the workforce to hold a college degree by 2025.

“The state set a great goal of helping 60 percent of the workforce get college degrees by 2025. Slashing higher education spending by 30 percent as the Governor proposes risks setting aspiring college students back in the economy, and jeopardizes their long-term career prospects. Lawmakers must bring higher education levels back to pre-recession levels to meet the state’s 2025 goal, and tackle our college affordability crisis that lingers,” said Eve Rips, Midwest Director of Young Invincibles. 

Over the last decade, tuition in Illinois has increased by 57 percent at public four-year universities and by 38 percent at public two-year colleges. These increases are over 40 percent higher than the national average and as the state slashed financial aid, making college more out of reach for low-income students, especially. First generation students and students of color already struggling to afford and complete college degrees have also been disproportionately hit hard.

Please be in touch if you would like to speak with the report author.

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Advocates to Press Lawmakers to Address Coverage Gap Leaving Over 300,000 FL Millennials Without Access to Affordable Health Insurance

MEDIA ADVISORY FOR:

April 15, 2015

Contacts: Sarah Lovenheim, sarah.lovenheim@younginvincibles.org585.746.8281
Athena Smith Fordathena@floridachain.org, 570.760.1828
Charlotte Cassel, charlotte@floridalegal.org305.542.2077

Advocates to Press Lawmakers to Address Coverage Gap Leaving Over 300,000 FL Millennials Without Access to Affordable Health Insurance

[Tallahassee, Fl.]–On Wednesday, April 15, dozens of Florida Millennials will join health and community advocates from across the state for an advocacy day and press conference at the Florida Legislature. Stakeholders are gathering to demand Florida lawmakers advance a solution to address the state’s health coverage gap, which is leaving over 300,000 Florida Millennials without access to an affordable health insurance option. Florida Millennials in the state’s coverage gap will be available for interviews.

This Millennial advocacy day comes on the heels of the Florida Senate unanimously supporting a market-based plan that would cover low-income Floridians in the state’s coverage gap and Governor Scott’s recent skepticism about the reliability of federal funding, despite previously speaking in favor of Medicaid expansion.

WHAT: Press Conference & Advocacy Day

WHO: Florida Millennials in the health coverage gap, community and health stakeholders

WHERE: Capitol Building Third Floor Rotunda

WHEN: Wednesday, April 15th at 11am

recent analysis from Young Invincibles and Florida CHAIN found that Millennials (18- to 34-year-olds) account for about one-third of the low-income residents in Florida’s coverage gap. The brief also suggests that a lack of access to coverage for these young people could threaten the state’s degree attainment goals and consequentially their employment and earnings potential.

Additionally, the Florida Coverage Gap was created by the failure of Florida lawmakers to accept more than $50 billion made available to our state by the Affordable Care Act so that Floridians making around the poverty line or less could get access to affordable health care coverage. Florida’s decision to leave these people uninsured is costing the state nearly a half billion dollars a year.

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Advocates to Press Lawmakers to Address Coverage Gap Leaving Over 300,000 FL Millennials Without Access to Affordable Health Insurance

MEDIA ADVISORY FOR:

April 15, 2015

Contacts: Sarah Lovenheim, sarah.lovenheim@younginvincibles.org585.746.8281

Athena Smith Fordathena@floridachain.org, 570.760.1828

Charlotte Cassel, charlotte@floridalegal.org305.542.2077

Advocates to Press Lawmakers to Address Coverage Gap Leaving Over 300,000 FL Millennials Without Access to Affordable Health Insurance

[Tallahassee]–On Wednesday, April 15, dozens of Florida Millennials will join health and community advocates from across the state for an advocacy day and press conference at the Florida Legislature. Stakeholders are gathering to demand Florida lawmakers advance a solution to address the state’s health coverage gap, which is leaving over 300,000 Florida Millennials without access to an affordable health insurance option. Florida Millennials in the state’s coverage gap will be available for interviews.

This Millennial advocacy day comes on the heels of the Florida Senate unanimously supporting a market-based plan that would cover low-income Floridians in the state’s coverage gap and Governor Scott’s recent skepticism about the reliability of federal funding, despite previously speaking in favor of Medicaid expansion.

WHAT: Press Conference & Advocacy Day

WHO: Florida Millennials in the health coverage gap, community and health stakeholders

WHERE: Capitol Building Third Floor Rotunda

WHENWednesday, April 15th at 11am

recent analysis from Young Invincibles and Florida CHAIN found that Millennials (18- to 34-year-olds) account for about one-third of the low-income residents in Florida’s coverage gap. The brief also suggests that a lack of access to coverage for these young people could threaten the state’s degree attainment goals and consequentially their employment and earnings potential.

Additionally, the Florida Coverage Gap was created by the failure of Florida lawmakers to accept more than $50 billion made available to our state by the Affordable Care Act so that Floridians making around the poverty line or less could get access to affordable health care coverage. Florida’s decision to leave these people uninsured is costing the state nearly a half billion dollars a year.

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Unemployment Rate for Millennials Increases, Despite Unchanged Rate for All Adults

FOR IMMEDIATE RELEASE:

April 3, 2015
Unemployment Rate for Millennials Increases, Despite Unchanged Rate for All Adults
 
[WASHINGTON ]— As the national unemployment rate remains unchanged (5.5 percent in February and March) and the economy added 126,000 jobs, the unemployment rate for 18 to 34 year-olds increased to 7.8 percent in March from 7.5 percent in February (seasonably adjusted).Among young black adults, the unemployment rate in March fell to 14.4 percent, compared to 14.6 percent in February. That’s still an unemployment rate, however, that’s more than twice as high as for young white adults. A Young Invincibles report finds that lawmakers can help narrow this divide by reinvesting in higher education and aligning it with today’s workforce.Here are more details on how different populations of young people fared relative to the overall workforce in March 2015:

jobs numbers - march 2015

• The unemployment rate for Black/African American young adults ages 18 to 34 in March is 14.4 percent (not seasonally adjusted), down from 14.6 percent in February.

• The unemployment rate for Hispanic/Latino young adults ages 18 to 34 in March remained stagnant from February at 8.8 percent (not seasonally adjusted).

• The unemployment rate for Asian-Pacific Islander young adults ages 18 to 34 in March is 4.4 percent (not seasonally adjusted), down from 5 percent in February.

• The unemployment rate for white young adults ages 18 to 34 remained at 6.7 percent in March  (not seasonally adjusted), just as it was in February.

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Failed Student Loan Refinancing Vote “Profoundly Disappointing”

FOR IMMEDIATE RELEASE:

March 25, 2015
Sarah Lovenheim, sarah.lovenheim@younginvincibles.org585.746.8281

Young Invincibles’ Statement on Failed Student Loan Refinancing Vote in the U.S. Senate
[WASHINGTON]–Today, the United States Senate voted down an amendment by Senator Elizabeth Warren (D-MA) that would have allowed federal and private student loan borrowers to refinance their loans and take advantage of today’s low interest rates. 

“We are profoundly disappointed that the Senate rejected a proposal to allow struggling borrowers to refinance their student loans,” said Jennifer Wang, Policy Director of Young Invincibles. “Student debt is holding back our generation. Student loan borrowers deserve the same consumer protections that mortgage borrowers have. We hear every day from struggling borrowers that diligently make monthly payments on their loans but continue to see the balance on their debt reach new heights.”
 
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New Report Calls for Florida to Prioritize Financial Aid Towards Low-Income Students

FOR IMMEDIATE RELEASE:

March 24, 2015

Contacts: Colin Seeberger, colin.seeberger@younginvincibles.org214.223.2913

Sarah Lovenheim, sarah.lovenheim@younginvincibles.org585.746.8281

New Report Calls for Florida to Prioritize Financial Aid Towards Low-Income Students

Report Calls for Reconciling Tuition Increases with Boosting Need-Based Aid by Nearly $90 Million

[Tallahassee, Fla.]–On Tuesday, Young Invincibles will release The Case for Need-Based Aid In Florida, a brief exploring the deficiencies in Florida’s financial aid system. The report recommends that lawmakers make an additional $90 million investment in the Florida Student Assistance Grant this session so funding for Florida’s need-based grants keeps pace with the 67 percent increase in tuition Florida’s 4-year public universities have realized since the Great Recession.

“We share Governor Scott’s and the Florida Legislature’s commitment to making college more affordable. But we have to spend our limited resources efficiently. To do that, we need to target aid to students who wouldn’t go to college without the aid,” said Tom Allison, Policy & Research Manager at Young Invincibles. ” The research is clear: awards targeted to students based on their financial need are more effective in improving enrollment rates and student success.”

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15 percent of Florida’s higher education funding goes toward state financial aid, more than half of this funding goes to the Bright Futures scholarship – a merit-based aid program that directs resources disproportionately to wealthier families. Roughly one-quarter of financial aid funding is based on financial need.

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Young Invincibles’ Statement on the Reintroduction of the Bank on Students Bill

FOR IMMEDIATE RELEASE:

March 18, 2015

Young Invincibles’ Statement on the Bank on Students Emergency Loan Refinancing Act of 2015

Bill Would Allow Student Loan Borrowers to Refinance Their Loans, Potentially Saving Them Thousands of Dollars Over the Life of Their Loan

[WASHINGTON]—Today, the Bank on Students Emergency Loan Refinancing Act was reintroduced in Congress. The bill would give student loan borrowers with eligible federal and private student loans the opportunity to refinance their debt at today’s lower interest rates, and would extend immediate relief to over 25 million student loan borrowers.

“In the year that has passed, nearly a million additional student loan borrowers have fallen behind on their payments. And, with one in seven students defaulting on their debt within a few years of graduating, this bill marks yet another opportunity for Congress to bring some much-needed, immediate relief to struggling student loan borrowers across the country,” said Jennifer Wang, Policy Director of Young Invincibles. “Our $1.2 trillion dollars in student debt risks the long-term financial security of Millennials and stifles our generation’s ability to contribute to the economy in the years to come.”

Young Invincibles has the following priorities for reforms to our higher education system:

  • Bolstering the Pell Grant by making funding mandatory
  • Simplifying the Federal financial aid system
  • Reforming the Federal Work Study program
  • Providing students with additional data to ensure they’re making well-informed decisions
  • Providing relief to private loan borrowers
  • Promoting innovation in higher education
Please be in touch if you would like to speak with a policy expert.
 
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Young Invincibles’ Statement on Harmful House FY2016 Budget

FOR IMMEDIATE RELEASE:

March 17, 2015

Contacts: Colin Seeberger, colin.seeberger@younginvincibles.org, 214.223.2913; Sarah Lovenheim, sarah.lovenheim@younginvincibles.org, 585.746.8281

House FY16 Budget Harms Young People by Cutting Funds for Higher Education, Job Programs, and Health Care

Today, the House Budget Committee released their fiscal year 2016 budget, which harms young adults’ economic security in the areas of higher education, jobs, and healthcare.

Jennifer Wang, policy director at Young Invincibles, said:

“Congress must not balance the federal budget by saddling students and their families with more debt, but the House FY16 Budget does just that. The House plan proposes roadblocks to eligibility for Pell Grants, including some that would bar students entirely from receiving this important aid for college. It also slashes all mandatory funding for Pell Grants, which would leave Pell Grants even more vulnerable to future cuts during the appropriations process. The budget also recommends the use of so-called “fair-value accounting” on student loans to disincentivise the government from strengthening education funding. Students and families deserve real investments, not huge cuts to grants for college and accounting tricks.”

“By consolidating job training programs, this budget also threatens workforce programs that target young adults trying to get back on their feet after the Great Recession. And, this budget also dismantles the Affordable Care Act, which has already resulted in health care coverage for millions of young people. It also attacks Medicaid expansion, which helps low-income families receive critical health services. Now is not the time to roll back job and healthcare policies that have been working for young people.”

To invest in our generation, Young Invincibles has advocated for:

  • Mandatory funding for Pell Grants, year-round Pell Grants, raising maximum Pell Grants to match average in-state tuition at four-year public institutions, and indexing Pell Grants to inflation
  • Strengthening health care coverage for young adults
  • Well-targeted jobs programs that help unemployed young adults
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New Bill Provides Greater Consumer Protections for TX Students at For-Profit Colleges

FOR IMMEDIATE RELEASE:

March 17, 2015
New Bill Provides Greater Consumer Protections for Texas Students at For-Profit Colleges
[AUSTIN]–Late last week, Sen. José Rodriguez introduced SB 1625, a disclosure bill aimed at increasing transparency from for-profit schools by giving Texas students access to information, including average loan default rates and average loan amounts. For-profit college students account for just 12 percent of students, but nearly half of all federal student loan defaults.
José Eduardo Sanchez, Southern Director of Young Invincibles, released the following statement on the bill’s introduction:
“Texas students should have access to the information they need to make informed choices about which schools to attend. Senator Rodríguez’s bill would better protect students from predatory schools by making sure they have access to vital data when applying.”
Young Invincibles served as the lead student negotiator on the Department of Education’s Gainful Employment rule making panel last year. Please be in touch if you have any questions about for-profit colleges in Texas or this new legislation.
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Young Invincibles to Launch Summer Fellowship Program, “YI Scholars,” for College Students, in Partnership With the Cognosante Foundation

FOR IMMEDIATE RELEASE
March 16, 2015

Young Invincibles to Launch Summer Fellowship Program, “YI Scholars,” for College Students, in Partnership With the Cognosante Foundation

[Washington, DC] — Young Invincibles, a national Millennial research and advocacy group, and the Cognosante Foundation, the charitable arm of Cognosante LLC, will launch a new fellowship program for college students this summer. Called YI Scholars, the program will provide primarily first-generation college students with the opportunity to learn a range of skills, from research and public policy to business skills, while experiencing all that Washington, D.C. has to offer.

Participating college students will develop leadership skills, explore the issue areas that Young Invincibles engages in, and expand their professional networks ahead of graduation. YI Scholars will become a part of a Scholars’ Alumni Program to ensure that they continue to engage with other young leaders going forward.

“Millennials care deeply about advancing solutions to the biggest economic challenges facing our generation today, from student loan debt to disproportionately high unemployment. The YI Scholars program will train the next generation of young leaders and expose them to a range of skillsets critical to tackling these key issues.” — Jen Mishory, Executive Director of Young Invincibles.

“We are thrilled to be partnering with Young Invincibles on this innovative program,” says Michele Kang, founder and CEO of both Cognosante LLC and the Foundation. “The Cognosante Foundation’s focus on supporting opportunities for young people and the under-privileged aligns perfectly with the goals of YI Scholars.”

The Cognosante Foundation will provide funding for five participants who will each receive a stipend for the summer. Strong preference will be given to first-generation college students, prioritizing those from under-represented communities. Applicants must show leadership potential and an entrepreneurial spirit.

More details about the program live here. Please be in touch if you have any questions.

Contacts:
Sarah Lovenheim, Sarah.Lovenheim@YoungInvincibles.org, 585-746-8281
Colin Seeberger, Colin.Seeberger@YoungInvincibles.org214-223-2913
Andrew Gordon, Andrew.Gordon@cognosante.com703-206-6039

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