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Student Bear the Brunt of a Bad Economy

Floor Speech

Location: Washington, DC

Mr. HULTGREN. Mr. Speaker, it is a tough time to be a student in America.

The President's health care bill, if not repealed, will make school health plans much more expensive. According to The Wall Street Journal, some plans that were $440 a year are going up to $1,300 or $1,600. Many schools will drop coverage altogether either because of cost or because of the President's birth control requirement. Students and young adults will then likely choose the cheapest option--going uninsured and paying a fine to the government.

Then, in July, student loan interest rates are set to increase because of choices made by leading Democrats. Student loan debt now exceeds credit card debt in U.S. households, and the rate at which recent grads are underemployed or unemployed is 50 percent. No wonder students are moving back in with their parents and are more likely to take part-time jobs just to make ends meet.

These failed policies and the bad economy have pushed young adults into survival mode.

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