Political Quotes

“Rising tuition rates force families to borrow thousands of dollars to fund their children's college education. The debt that these families and new graduates face after graduation is daunting. The majority of college students today will have more loans over $20,000 by the time they graduate. Public and private employees who administer programs that could help employees reduce their college loan costs have a valuable recruitment and retention tool. The Federal Student Loan Program permits Federal agencies to repay federally insured student loans as a tool to attract or retain highly qualified employees. S. 926, the Federal Employee Student Loan Assistance Act, will increase the allowed annual loan repayment from $6,000 to $10,000 and the allowed life-time loan repayment allowed from $40,000 to $60,000. The increases reflect the rising college tuition costs since enactment of the original statute in 1991.”