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Ensuring Continued Access to Student Loans Act of 2008

Location: Washington, DC

ENSURING CONTINUED ACCESS TO STUDENT LOANS ACT OF 2008 -- (House of Representatives - April 17, 2008)


Mr. KIND. Madam Chairman, I rise today in support of the Ensuring Continued Access to Student Loans Act of 2008, a bill to continue the promise Congress made in 1965 to provide all Americans, regardless of culture or socioeconomic status, greater opportunities to further their education. This bill recognizes the shared benefits to both individual Americans and to the country as a whole of ensuring future generations have the tools necessary to be successful in a vastly competitive 21st century workforce.

The opportunity for children to attend institutions of higher education is essential in preparing our future leaders. While the number of students with the academic knowledge, talent, and desire to attend and succeed in college has substantially increased over time, the necessary financial assistance has regrettably not kept pace. We must reverse this trend and uphold the Federal Government's commitment to America's schools and to all of our children.

The recent instability in financial markets has hurt more than just homeowners, and many individuals and their families are finding it difficult to secure student loans to attend college. The ensuring Continued Access to Student Loans Act assists future and current students by increasing unsubsidized loan limits for undergraduate and graduate students, giving parent borrowers more time before they begin paying off their Federal Plus loans and encouraging Federal financial institutions' participation in ensuring continued student loan access.

As a former member of the Education and Labor Committee, a representative of 12 institutions of higher education located in the Third Congressional District of Wisconsin, and a father of 2 school-aged boys, I recognize the importance of increased access to post-secondary education and ensuring that everyone who wishes to attend college can afford to do so. The ensuring Continued Access to Student Loans Act is a step in the right direction, and I encourage my colleagues to join me in supporting this important piece of legislation.

Ms. WOOLSEY. Madam Chairman, I rise today in support of H.R. 5715, the Ensuring Continued Access to Student Loans Act of 2008. Everyone deserves access to the best possible opportunities, which include a college education. No student should be denied a college education because he or she can't afford it. That's why we must continue to find ways to increase student access to financial aid to ensure that students and their families have every possible opportunity to acquire a college education.

We can't let the current credit crisis limit any student's opportunities to receive a college education. This bill would give the Secretary of Education the tools to help schools in need find a lender and give students access to the money they need to attend school. To keep America competitive in the global market, we must continue to ensure that every student receives access to the best possible college education.

This bill serves as a preventative measure and goes a long way towards averting any possible crisis in July or August when our Nation's students and their families are looking for ways to pay for the next school year. I urge my colleagues to support H.R. 5715.


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