Linda McMahon today released the following statement regarding the Senate's reported compromise to extend the Stafford Student Loan rate reduction:
"Years of partisan gridlock have led to an economy that simply isn't delivering on the promise of opportunity for our young people. Congress has a chance to do the right thing this week, and today's announcement of a compromise on Stafford Student Loans offers a glimpse of what can be achieved for the American people when members of Congress roll up their sleeves and get to work.
"Making higher education affordable is a top priority for me and that is why I have long been a champion of this extension. It is also the reason that greater tax deductions on student loans and qualified higher education expenses for all families are centerpieces of my jobs plan.
"We teach our children that if they study hard and get an education, the opportunities for success will be there for them just as they were for the generations before them. Yet, half of today's recent college graduates are either jobless or underemployed and student loan debt in our country has surpassed credit card debt.
"Today's announcement is a step in the right direction towards easing the burden college graduates face. It is my sincere hope that Congress works to ensure passage before they leave for the Independence Day recess next week."