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President's Campaign-Style Event Side-Steps Student Loan Issue

Statement

Date: May 31, 2013
Location: Washington, DC
Issues: Finance and Banking Higher Education

U.S. Senate Republican Leader Mitch McConnell released the following statement today regarding the President's campaign-style event at the White House and Republican solutions to preventing rising student loan interest rates:

"With the President and Congressional Republicans in agreement on the need to provide a permanent reform to address the increase in interest rates on new student loans, no one should be fooled by today's campaign-style event at the White House. House Republicans have already passed legislation that would prevent a rate hike, and Senate Republicans have proposed a solution similar to one the President himself called for in this year's budget. Here's one issue where the two parties can and should find quick agreement. Unfortunately, the President appears more interested in needlessly stoking partisan divisions in Washington than helping young Americans avoid a higher interest rate on their student loans."


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