Political Quotes

“I urge my colleagues to vote against the Warren motion. What the Senator wants to do is to create yet another repayment program, which ultimately ends up costing students more than the income-based repayment. She puts hundreds of billions of private debt on the Federal books and pretends the cost is free. Rather than fixing the maze of repayment programs, she adds to it with a new program that is ultimately less generous than the existing program. Whereas the Federal Government income-based repayment program and other related loan repayment programs will cap payments as a percentage of an individual's income, Senator Warren's legislation would only lower the interest rate on those payments, potentially steering students into higher monthly payments than they face in those other programs. So I urge my colleagues to oppose the Warren motion. I yield back. The PRESIDING OFFICER. The question is on agreeing to the motion.”