[Congressional Record Volume 141, Number 62 (Tuesday, April 4, 1995)]
[House]
[Page H4115]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         STUDENT LOAN PROGRAMS

  (Mrs. CLAYTON asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. CLAYTON. Mr. Speaker, many young people in America have made a 
choice, a choice to get an education, and to get a job and to pursue a 
career. They made the right choice that will give them a chance. The 
Republican Party, however, wants to take that chance from them. They 
want to take that choice.

                              {time}  1145

  They plan to abolish and restructure four major loans and grant 
programs that provide aid to college students, threatening to force 
those students into a direction that they may not have chosen.
  Last year millions of students held jobs on the work-study, got low 
interest rates, and did not have the burden of paying interest while 
they were studying, and they received grants. They will not have the 
opportunity next year.
  In total, over the next 5 years $13 billion will be taken away from 
college loans and grant programs. For what? To give the wealthiest 
Americans a tax break.
  The closer we look at the Republican tax plan, it certainly is not 
fair. It is grotesque. They call these cuts in loans a savings. I call 
it a tragedy for America's future.


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