[Congressional Record (Bound Edition), Volume 155 (2009), Part 8]
[House]
[Page 10406]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1730
              REJECT THE PLAN TO ELIMINATE PRIVATE LENDING

  (Mr. CARTER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. CARTER. Mr. Speaker, this past work period that I was home, I 
visited with some folks with Sallie Mae and Texas Guaranteed Loans. 
These are two private programs that have been providing student loans 
for our students in Texas and for the rest of the country. Over 80 
percent of the students chose a private lender as their choice to 
finance their school program. But now, the Democratic party is, by 
their action, forcing us into a government-only program. And I looked 
into a room that a year and a half ago was full of hundreds of people, 
it now stands empty, not because of a recession but because of the 
action of the Federal Government as led by the Democratic majority.
  It is a shame not to give the choice to our students, and when they 
make that choice, they choose private industry to the tune of 80 
percent. This is estimated to cost 30,000 jobs in the Nation this year. 
And I don't have a problem with jobs in my district unless the 
government takes those jobs away. This is a shame. I think they should 
apologize to those hardworking people, most of whom are spouses of 
fighting soldiers.

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