Early Childhood, Elementary, and Secondary Education Subcommittee Chairman Todd Rokita (R-IN) today joined House Republican leaders at a press conference to discuss the Smarter Solutions for Students Act (H.R. 1911), legislation that will prevent student loan interest rates from doubling on July 1st.
In his remarks, Rep. Rokita explains how H.R. 1911 will help provide students and taxpayers with more certainty by taking politicians out of the business of setting student loan interest rates:
For far too long students at my Purdue University and other colleges and universities in Indiana have seen interest rates they pay on their student loans used as a political bargaining chip... Students and parents ought to be able to make decisions about investing in college without having to worry about whether Washington is going to cause their rates to go up.
The Smarter Solutions for Students Act passed the House of Representatives with bipartisan support in May.