[Congressional Record (Bound Edition), Volume 159 (2013), Part 8]
[House]
[Page 12062]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  KEEP STUDENT LOAN INTEREST RATES LOW

  (Mr. CARTWRIGHT asked and was given permission to address the House 
for 1 minute.)
  Mr. CARTWRIGHT. Mr. Speaker, I note that the gallery is filled with 
students and their families. Due to this House's failure to produce 
realistic bipartisan legislation, the interest rate of college loans 
has doubled from 3.4 to 6.8 percent for more than 7.4 million students.
  We know investing in education is an investment in our Nation's 
future and in our Nation's economic strength. Not acting takes $1,000 
per year out of graduates' pockets--$1,000 not going to savings, not 
going to buying new cars, not going to buying new homes.
  And at this time of historically low interest rates, it just doesn't 
make any sense for us to further burden our youth.
  I call on Congress to keep our rates low so today's youth can prosper 
like their parents and their grandparents did as well.
  The SPEAKER pro tempore. Members are reminded to not make reference 
to occupants of the gallery.

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