Political Quotes

“let me just say to the simplification of the student loan form--actually, it happened to be my first bill--which is to take the 106 questions, 8 pages long, down to commonsense English, cut it in half, and the good news is that, in fact, the Higher Ed Reauthorization Act will then, in short order--I have all the confidence in Chairman Miller--be on the floor this month to pass. This, like that act, is a second step that we take to make sure that we put a protective wall around the student loan market. What we see today in the mortgage industry, what we see today happening in other parts of the marketplace, should not happen to those students and those families who are trying to send their kids to college. We live in an era where you earn what you learn. A college education is a ticket to the middle class life and to greater economic security and greater economic opportunity. What has happened in the subprime market and what has happened in our marketplace in the financial sector should not migrate into the student loan industry. This legislation ensures that it will not. It has two messages, one to parents and students, that says in this time of uncertainty, know that your government is there to ensure that you get a student loan coming up this fall. It's also a message to the executive branch: Do not wait for a crisis. Do not act like you do not have this authority. You have this authority.…”