On Saturday Representative Luke Messer (R-IN) discussed the Smarter Solutions for Students Act (H.R. 1911) in the weekly GOP address. Recently approved by the House of Representatives, this commonsense legislation would stop new subsidized student loan interest rates from doubling on July 1st.
During his remarks, Rep. Messer explained how H.R. 1911 is a long-term, market-based solution that takes the politics out of student loans, providing certainty to future borrowers and their families:
"Unfortunately, in just three weeks, on July 1st, interest rates on many federal student loans are set to double... No one wants this to happen, especially in a job market where millions of recent college grads are having a hard time finding full-time work. So the House of Representatives acted -- not only to stop the immediate rate hike, but also to protect students over the long-term."