[Congressional Record Volume 159, Number 112 (Wednesday, July 31, 2013)]
[House]
[Page H5187]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1245
               THE BIPARTISAN STUDENT LOAN CERTAINTY ACT

  (Ms. LORETTA SANCHEZ of California asked and was given permission to 
address the House for 1 minute and to revise and extend her remarks.)
  Ms. LORETTA SANCHEZ of California. Mr. Speaker, I rise today in 
support of H.R. 1911, the Bipartisan Student Loan Certainty Act.
  Last month, I urged my colleagues in this House to take up and help 
our students because the interest rate was going to double on July 1. 
The Senate has already acted, and this week we have a chance to make 
things right.
  The Bipartisan Student Loan Certainty Act will not only reverse the 
July 1 student loan interest rate hike, but it actually makes things 
better for our students.
  As students around the world are acquiring higher education, master's 
and training, it's imperative that our students here in this country 
also receive the opportunities to compete on a global scale. By making 
higher education more accessible, H.R. 1911 accomplishes that.
  When it is signed by President Obama, it will give $25 billion in 
debt relief over the next 6 years. It will give students the ability to 
lock in the interest rate for the life of their loan so they know 
exactly what they are going to be paying in interest, and it will save 
thousands of dollars and lower interest payments.
  I look forward to sending this bill to our President.

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