Political Quotes

“As I said earlier, how does that compute to the average student? It means a lower monthly payment. Under the bill that we will vote on, which is the current extension--the kick-the-can-down-the-road plan--they will pay $78 a month, and that number is based on a student borrowing $5,000. Under the bipartisan bill, it is $75 a month. On the graduate Stafford comparison by month, the person who borrows under the graduate program--under the kick-the-can-down-the-road plan-- is going to pay $251. Under the bipartisan solution, they are going to have a monthly obligation of $230. For the highest group, the PLUS loans--and in a lot of cases those are parents--the monthly obligation is going to be $197 on the kick- the-can-down-the-road plan, and under the bipartisan solution, the monthly obligation is going to be $180 in payments. Again, this is figured with $5,000 borrowed over a 10-year amortization of the loan. It makes the good point my friend from West Virginia made: Why would we not take the opportunity to make this cheaper for everybody for the next 12 months? If we find a better way to do it, let's change it 12 months from now.”