Political Quotes

“a college graduate who pays more than $1,000 a month on student loans recently wrote the New York Times, ``I was told to chase down a bachelor's degree by any means necessary. But no one mentions just how expensive and soul-crushing the debt will be.'' The United States, our country, has most of the best colleges in the world, but we also have the most graduates paying off college debt. Roughly 40 million borrowers owe $1.5 trillion in collective student loan debt. The questions I hear most often about college are, No. 1, can I afford it? No. 2, is it worth it? And No. 3, can you make applying for financial aid and repaying student loans simpler? And from administrators, as well, I hear: Can't you do something about the jungle of red tape that makes it so hard to apply for Federal financial aid, to pay back student loans and that wastes money on overhead that ought to be spent on students? Today, I addressed a group at the American Enterprise Institute, and I made three proposals to help make the answer to all four of those questions a yes. I want to briefly discuss those proposals today and other work that is going on in the Senate Education Committee, which I chair, and on which Senator Murray is the senior Democrat from the State of Washington. I will discuss what we are doing to answer those questions. Then I will ask at the appropriate time to submit most of my remarks at the American Enterprise Institute into the Record.…”