I want to congratulate the Senator from North Carolina. He was the leader in 2013, along with Senator Manchin and Senator Coburn, who was here at the time--I was a little bit involved at the time--and Senator Angus King from Maine. We worked with the President and with the House. The Senator is exactly right. The decision that Senator Burr and others made, persuading this Congress and working with the President in 2013 to take the student loan interest rate out of politics and tie it to a certain rate, today reduces the rate by 0.5 percent for nearly 6.4 million students and saves millions and millions of dollars on student loans. There is a lot of talk about student loans and the cost of them. Some people don't look at all aspects of them. In Tennessee, the independent colleges and universities have pointed out to me that the new overtime rule proposed by the Department of Labor would add as much as $850 per student to the cost of tuition at all of the independent colleges in Tennessee, which is an outrageous thing to be doing. Here is an example of real leadership, real action, and real results by the Senator from North Carolina, the Senator from Maine, and the Senator from West Virginia, who by their action in 2013, working with the President, have reduced the cost of going to college for 6.4 million American students. A lot of people can talk; some people can get a result.…
On the recordMay 11, 2016
Said by
Heidi Alexander
Labour Party
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