[Congressional Record (Bound Edition), Volume 159 (2013), Part 7]
[House]
[Page 10416]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1230
                       FEDERAL STUDENT LOAN RATES

  (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 to urge 
my colleagues to address the increase in student loans that is about to 
happen this week. If we do not do something by July 1, the interest 
rate on student loans, which has been at 3.4 percent, will double to 
6.8 percent.
  Now, last year we were able to come together and make an accord and 
make it easier for our students to gulp and take those loans out so 
that they could go and get an education.
  Getting an education, teaching our young people science, technology, 
engineering, mathematics, the arts, music, et cetera, is of national 
security interest to this Nation. Even Secretary Gates said the number 
one issue is for our people to be educated.
  So we must show our students that we care about them, and that they 
too have a future in this Nation. I urge my colleagues to come together 
to do something about the student loans.

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