Mr. BACA. Mr. Speaker, as a former community college trustee member, I understand that good education is key to a sound future. Sadly, many working families in America now find themselves unable to afford higher education for their children. And even worse, if Congress does not act soon, the interest rate for students will double from 3.4 percent to 6.8 percent; 7.4 million American students will face thousands of dollars in new debt if we do not act before July.
Last week, House Republicans showed they are unwilling to work on a real solution to this crisis. In a sham vote, Republicans put forward a bill to pay for the interest rate halt by slashing funds for women and children's health services.
America's young people deserve better. Let's keep their dreams alive. Let's get serious about a bipartisan solution to strengthen Pell Grants and keep student loan interest rates low. Let's help our students become the leaders of tomorrow.