[Congressional Record Volume 159, Number 88 (Wednesday, June 19, 2013)]
[House]
[Page H3768]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1210
                     STUDENT LOANS AND THE ECONOMY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. FOXX. Mr. Speaker, just this morning I met with student leaders 
from North Carolina who are visiting the Capitol as part of the 2013 
Electric Cooperative Youth Tour. One student asked me a question about 
what the House of Representatives is doing to advance education and job 
creation. It was a perfect question given our House Republican plan for 
jobs and leadership to keep Federal student loan interest rates from 
doubling on July 1.
  Almost 12 million Americans are struggling to find work; 4.4 million 
have been out of work for more than 6 months. Young people and recent 
college graduates looking for jobs are disproportionately impacted in 
this economy. Washington shouldn't be adding additional stress to 
students' job hunts. But on July 1, if the President fails to lead and 
the Democrat Senate fails to act, student loan interest rates will 
double for student borrowers.
  The House agrees with students, #Don't Double My Rates, and we have 
acted to stop the increase.
  It's time for the Senate to do its job. Students are depending on 
them.

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