[Congressional Record Volume 152, Number 129 (Wednesday, November 15, 2006)]
[House]
[Pages H8644-H8645]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    COLLEGE LOAN INTEREST RATE CUTS

  (Ms. WATSON asked and was given permission to address the House for 1 
minute.)
  Ms. WATSON. Mr. Speaker, last Tuesday, Americans voted for a new 
direction in America. Among those voting were 10 million young 
Americans between the ages of 18 and 29 who were no doubt upset by the 
soaring costs of college tuition and the rise in student loan interest 
rates put into effect by Republicans in this body.
  This year alone Republicans raised student loan interest rates by 7 
percent and cut $12 billion out of the higher

[[Page H8645]]

education budget to pay for the massive tax cuts for the wealthy. These 
10 million young voters, along with their parents and grandparents who 
share the growing financial burden of higher education, elected a 
Democratic majority in Congress because they know our party has 
continually stood for making a college education an affordable goal for 
all American students.
  Mr. Speaker, these families will soon see results. Within the first 
100 hours of taking office next January, Democrats will broaden college 
opportunities for all students.

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