On the recordMay 7, 2014
Mr. President, I wish to very briefly join my colleagues here in support of the effort being led by Senator Durbin, Senator Warren, Senator Reid, and Senator Harkin. They have done such incredible work on behalf of students all across the country. One of the most amazing statistics to me is a simple one. Not so long ago the United States was No. 1 in the world when it came to the number of young people who had college degrees. In a very short amount of time, we have precipitously fallen from No. 1 to No. 12 due to the fact that other countries have caught up, which is an issue in and of itself, but it also has something to do with the fact that the cost of college has become calamitous for students all across this country, and it is taking kids a lot longer to complete their degrees--many of whom are starting and never even finishing. I am an example of the squeeze that American families are in. I don't complain about the income my wife and I make, but we are both paying back our student loans and we are saving for our kids' student loans. So I know the amount of a family's income that can be gobbled up trying to pay back prior college and save for future college, and I know where that money would go if it weren't going to pay for those two costs. For us, that money would go into the local economy.…
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