[Congressional Record (Bound Edition), Volume 159 (2013), Part 5]
[House]
[Page 6787]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      STUDENT LOAN INTEREST RATES

  (Mr. PETERS of California asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. PETERS of California. Mr. Speaker, I rise today to bring further 
attention to the fact that unless Congress takes definitive action, 
student loan interest rates will double on July 1. With that in mind, I 
proudly support H.R. 1595, introduced by Congressman Joe Courtney, and 
other bills that would keep student interest rates frozen at their 
reasonable rates for the next 2 years.
  Right now, college tuition is spiraling beyond what many students and 
their families can afford. In many instances, students are being forced 
to leave school because they are accruing so much debt. At UC-San Diego 
or the University of San Diego or Point Loma Nazarene, all of which are 
in my district, students are relying on us to keep loan rates low.
  My own education was made possible by student loans and work-study, 
and we must ensure that today's generation of students has the same 
opportunity to attend college that I and so many of us had. I ask my 
colleagues to support H.R. 1595.

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