Neugebauer Opposes Another Government Takeover

Statement

Congressman Randy Neugebauer made the following statement today after voting ‘no' on H.R. 3221, The Student Aid and Financial Responsibility Act:

"Over the past 40 years, the Federal Family Education Loan program has provided over 200 million student loans that have given young men and women the opportunity to pursue higher education. This private-public partnership has delivered low-interest student lending that allowed parents to afford to send their children to college and obtain student loans from their community lenders. H.R. 3221 eliminates this program and requires students and parents to obtain college loans only directly from the federal government.

"Unfortunately for the American taxpayers, this is yet another blatant attempt at a government takeover. It's disturbing to see the parallels between this takeover of the student loan system and the Democrats' plan for government-run health care. This bill takes away a program that benefits millions and will require everyone to use a government-run student loan option that more than 70 percent of colleges and universities -- including most in Texas -- currently choose not to use.

"Ending the FFEL program will hurt our students, schools and economy. Taking funds from eliminating FFEL and using those to create 10 new government education programs adds further irresponsible obligations to the federal budget that taxpayers cannot afford. Rather than growing the federal government, Congress should focus on reducing its size, cost and interference in taxpayers' choices."

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