Political Quotes

“I rise today to announce the reintroduction of the Bank on Students Emergency Loan Refinancing Act of 2017. This legislation would allow student loan borrowers to take advantage of lower interest rates, and I urge both my Senate colleagues and the Trump administration to support it. In a few short months, millions more college graduates will be hit with their first student loan bills. Already, more than 44 million Americans have student loans, and many are struggling to pay loans that are running at interest rates of 6 percent, 8 percent, 10 percent and even more. It is time for real action to help struggling borrowers. That is why, today, I join 36 of my Democratic colleagues in the Senate and 98 of my Democratic colleagues in the House of Representatives to reintroduce our plan to allow borrowers to lower their monthly payment by refinancing their existing loans to today's lower interest rates, 3.76 percent for undergrads, a little higher for graduate students. Supporting America's students should not be a political food fight. In fact, President Trump talked about student loans when he was on the campaign trial, including a plan to reduce the maximum number of years for repayment for most students. As a candidate, Donald Trump said that ``students should not be asked to pay more on the debt than they can afford.'' I agree with that, which is why Congress should allow students to lower their monthly payments by refinancing to today's lower interest rates.…”