Congressman Brian Bilbray (CA-50) today issued the following statement after the passage of H.R. 4628, the Interest Rate Reduction Act, a bill to keep student loan interest rates at 3.4 percent:
"Today's college graduates not only face the prospect of one of the tightest job markets of the last two decades, they are looking at having to pay more for their loans. While this bill gives graduates an opportunity to catch their breath, our focus must remain on getting government out of the way so that the private sector can create jobs and grow the economy. In the end, a job is ultimately what will enable students to repay their loans."