[Congressional Record (Bound Edition), Volume 158 (2012), Part 6]
[House]
[Page 8021]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      STUDENT LOAN INTEREST RATES

  (Ms. CHU asked and was given permission to address the House for 1 
minute.)
  Ms. CHU. Mr. Speaker, imagine the shocked faces of daughters and sons 
all across the country when they open up their July billing statement, 
add up all the figures, and find it's cheaper to buy a home than pursue 
their higher education.
  Come July 1, Republicans are going to let interest rates on student 
loans double. At the same time, they're making sure wasteful tax breaks 
for yacht and private jet owners stay in place. In fact, it's the best 
way for them to keep the Millionaires Club an exclusive club for good 
old boys, by blocking the best avenue for success that this country has 
ever known--a college education.
  The GOP is turning the aspirations of young Americans into a revenue 
stream for the wealthy. They're financing reckless tax policies on the 
hopes and dreams of our children. I urge them to join Democrats in a 
serious proposal to stop these interest rates from doubling. The next 
generation is counting on us to act responsibly.

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