Political Quotes

“Madam Chair, I have an amendment at the desk. The CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 2, line 7, strike ``borrower'' and insert ``individual''. Beginning page 7, line 12, amend subparagraph (L) to read as follows: ``(L) For a first-time borrower-- ``(i) a statement of the anticipated balance on the loan for which the borrower is receiving counseling under this subsection; ``(ii) based on such anticipated balance, the anticipated monthly payment amount under, at minimum-- ``(I) the standard repayment plan; and ``(II) an income-based repayment plan under section 493C, as determined using regionally available data from the Bureau of Labor Statistics of the average starting salary for the occupation in which the borrower has an interest in or intends to be employed; and ``(iii) an estimate of the projected monthly payment amount under each repayment plan described in clause (ii), based on the average cumulative indebtedness at graduation for borrowers of loans made under part D who are in the same program of study as the borrower.''.…”