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Public Statements

Student Loan Interest Rates

Floor Speech

Location: Washington, DC

Mr. CARNAHAN. Yesterday was President Harry S. Truman's birthday. One of his quotes is particularly appropriate today. He said:

The purpose of our society is to enable the individual to attain the highest achievement of which he is capable.

The highest achievements that have sprung from our education system have included harnessing the atom, claiming the high ground in space, and curing previously fatal diseases. But now, because of our failure to adequately fund education, tuition is skyrocketing. Graduates who wish to reach for achievement are anchored to Earth by thousands of dollars in debt. For us to also allow interest rates to double on these student loans is morally unacceptable and economically foolish.

To paraphrase President Truman: the extra bucks stop here.

Let's stop the student loan interest rates from doubling July 1. Stop the political games. Let's support American students to attain their highest achievements.

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