John Sarbanes: “That is one of the benefits of providing a rational framework for students and their families to address these college…”

“That is one of the benefits of providing a rational framework for students and their families to address these college loans. First of all, we have to understand these students are taking on a tremendous burden as they move through college in order to get a college education. There are many people who argue we are not doing enough to help lift that burden. But the notion that we should now add to it in this significant manner that the head of the OMB is talking about I find outrageous. How are these people going to afford this college education? We have set up a system which seems to be working pretty well. If anything, we ought to provide more assistance, not less. I certainly commend the Senator for taking to the floor to underscore this problem. I gather they want to try to do it in the supplemental appropriations bill, with very little consideration of its impact or an opportunity to affect what is happening.”