Political Quotes

“The last time we took up higher education, in 2007, we lowered interest rates on student loans and crafted the interest-based repayment program. In this bill, we lower that down even more--from 15 percent to 10 percent--and we make a historic investment in Pell grants. I would agree, I am all for lowering interest rates. I would just note that my friend from Tennessee didn't take to the floor to complain when Sallie Mae was charging over 20 percent interest on its loans to students. I didn't see that. This amendment is not about lowering interest rates. What it is about is continuing a $61 billion subsidy to the big banks in this country. We take that money and give it to students in Pell grants. Mr. President, I move to table the motion to commit, and I ask for the yeas and nays. The PRESIDING OFFICER. Is there a sufficient second? There is a sufficient second. The question is on the motion. The clerk will call the roll. The bill clerk called the roll.”