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Public Statements

Interest Rate Reduction Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. LANGEVIN. I'd like to thank the gentleman from Massachusetts for yielding, and for his outstanding leadership on this issue and so many other issues in education.

Mr. Speaker, we obviously absolutely cannot allow the interest rate on student loans to more than double. I rise in opposition to H.R. 4628.

While Congress must prevent the Stafford loan interest rate from doubling to 6.8 percent, it is unconscionable that the Republican leadership is forcing us to choose between education and health care. Too many students face unnecessary barriers to pursuing a college degree, and it is our responsibility to empower them by investing in their education and health.

Republicans are putting us in the untenable position of paying for this measure by gutting the prevention and public health fund, the sole purpose of which is to reduce chronic conditions that are driving up the cost of health care in the first place.

Now, instead of sacrificing our public health to score political points, we need to work together to ensure our students can pursue their dreams without the burdens of unnecessary costs and debt.

I urge my colleagues to oppose this bill.

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