On the recordJune 4, 2014
I thank my colleague from Rhode Island, who has been such a champion and a leader in these efforts over so many years. Well before I came to the Senate, he was there working and fighting for more affordable loans for our students. The comments that have been heard on the Senate floor over the past hour reflect a growing awareness and worry in the country, a worry about what happens to America in the future, whether we will leave a lesser America, and whether the American dream will be not only deferred but denied to so many students who are wondering and worrying right now about their personal futures as well as the future of the country. These comments and this conversation will be extended over this day and the days to come as we prepare for a crucial vote next week on this bill. One of the chief authors of this bill, Senator Warren, is to be thanked and commended. She will be on floor later today or tomorrow to speak for herself, but she has shown, through her career, how often people who most need this kind of help, whose finances most cry out for this assistance, are impacted, and in fact constrained in their futures by the big banks and lending institutions that take advantage of them-- and, in this case, even the U.S. Government itself that is profiting off their backs--billions of dollars in profit at the expense of our students when we should be investing in them.…





