[Congressional Record (Bound Edition), Volume 160 (2014), Part 3]
[House]
[Page 3378]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    THE COST OF A COLLEGE EDUCATION

  (Mrs. DAVIS of California asked and was given permission to address 
the House for 1 minute.)
  Mrs. DAVIS of California. Mr. Speaker, as the cost of a college 
education continues to rise, Americans have become increasingly 
dependent on Federal student loans for access. Families are watching 
tuition creep up year after year, while their incomes and their savings 
have not kept pace.
  To make matters worse, there have been widespread reports of abusive 
practices in the student loan servicing industry, and that makes it 
harder for borrowers to repay their loans. These trends jeopardize the 
promise of higher education as the great equalizer, a place of 
opportunity for all. Parents are worried that their children won't ever 
get a shot at the American Dream because they are drowning in debt.
  And this week, the majority will bring up legislation that would 
undermine the Consumer Financial Protection Bureau's independence and 
their rulemaking authority; and this bill would weaken essential 
consumer protections and make it all but impossible to fight abuse in 
the student loan industry.
  Mr. Speaker, I urge my colleagues to vote ``no'' on H.R. 3193 and 
stand up for students and families who deserve fair treatment.

                          ____________________