Heidi Alexander: “I urge a ``yes'' vote because this is a permanent solution for 100 percent of the student loans. It reduces rates for…”

“I urge a ``yes'' vote because this is a permanent solution for 100 percent of the student loans. It reduces rates for every single student's new loan. It has no profit on the student. It fixes the rate for the time of the loan, and it is the same idea as already passed by the House. It is the same idea as supported by the President's budget. There are only minor differences between the President, the House, and this proposal. If we can't agree on this, we can't agree on anything. This is a manufactured crisis. Their proposal is a short-term political fix for 40 percent of the loans. This proposal is a permanent solution for 100 percent of the loans that would lower rates to below 5 percent; the same idea as in the President's budget, the same idea as passed by the House. I urge a ``yes'' vote. Cloture Motion The PRESIDING OFFICER. The cloture motion having been presented under rule XXII, the clerk will report the motion to invoke cloture. The bill clerk read as follows: Cloture Motion We, the undersigned Senators, in accordance with the provisions of rule XXII of the Standing Rules of the Senate, do hereby move to bring to a close debate on the motion to proceed to S. 1003, a bill to amend the Higher Education Act of 1965 to reset interest rates for new student loans. Mitch McConnell, John Cornyn, Lamar Alexander, Kelly Ayotte, David Vitter, Thad Cochran, Orrin G. Hatch, John Thune, Rob Portman, Lisa Murkowski, Michael B.…”