[Congressional Record (Bound Edition), Volume 152 (2006), Part 17]
[House]
[Pages 22261-22262]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    COLLEGE LOAN INTEREST RATE CUTS

  (Ms. LORETTA SANCHEZ of California asked and was given permission to 
address the House for 1 minute.)
  Ms. LORETTA SANCHEZ of California. Mr. Speaker, the cost of higher 
education in our country has been skyrocketing for far too long. And 
this year alone, the Republicans raised the student loan interest rates 
by up to 7 percent and cut $12 billion out of the higher education 
budget to pay for their tax cuts for the wealthy. Their policy of 
prioritizing the wealthiest 1 percent over average American families 
has backfired.
  Last month the American voters said ``enough is enough'' and voted 
for a

[[Page 22262]]

Democratic majority in the Congress, after Democrats offered students 
and their families an end to the rise in student loan interest rates. 
We ran on a platform that makes higher education one of our top 
priorities.
  Mr. Speaker, Democrats will keep their promise to the American 
people. Within the first 100 hours of taking office in the next 
Congress, the Democrats will broaden college opportunities for all 
students because we believe if you want to go to college, we want to 
help you get there.
  Democrats will work hard to make a college education possible for all 
who want it here in the United States.

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