[Congressional Record Volume 158, Number 64 (Tuesday, May 8, 2012)]
[House]
[Page H2337]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1220
                        STAFFORD LOANS IN HAWAII

  (Ms. HANABUSA asked and was given permission to address the House for 
1 minute.)
  Ms. HANABUSA. Mr. Speaker, the Senate is now debating the Stafford 
loan or the student loan bill--their version. And their version is 
better because their version pays for it by closing big tax loopholes. 
It requires us to now look at what the House passed. We paid for a 1-
year extension by repealing the preventative health care provisions. 
What does that mean? It means that women and children will suffer.
  For my State, Mr. Speaker, it meant that the State preventative 
grants will be gone, and that's what we need to prevent heart attacks, 
to address the concerns of, in particular, women and children and those 
who are in need.
  But what does it mean when we let this interest rate go up? For me, 
it is 16,681 students, average loans of $4,000-plus, total amount of 
loans in the State of $67-plus million. This is going to be an 
additional $16 million to them. Mr. Speaker, we can do better.

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