On the recordMay 20, 2013
Thank you for your leadership, Congressman Jeffries. This weekend, three students very close to me celebrated their college graduations: Brace Clement at the University of Wisconsin, Amelia Lumpkin at Davidson College, and Whitney Horn at the Illinois Institute of Technology. These three young people represent the best and brightest this country has to offer. {time} 2100 Congratulations Brace, Amelia, and Whitney. I am extremely proud of you. They are just three of the thousands of students across the country who celebrated their college graduations this weekend. It's a joyous time, but for some it's also a nervous time because more students than ever are walking across the stage weighed down by student loan debt. The cost of a college degree has increased by more than 1,000 percent in the last 30 years, according to a report by the Center for American Progress. Two-thirds of students who earn 4-year degrees graduate with an average student loan debt of more than $25,000, according to the report. Today, 37 million students are facing student loan debt, and the total student loan debt burden tops $1.1 trillion. The mounting student debt is stunting the growth of a generation of graduates who are facing a tough job market and high student loan payments, or putting off key milestones, such as buying a house or starting a family, which further stifles the country's economic recovery.…





