The Senator is correct. I might add to my good friend, this chart shows exactly what we talked about. Under the plan on which we will vote at 12, because of the need for students in the subsidized category to borrow additional money at 6.8…

The most significant part is for the undergraduates who were not subsidized, they would go from 6.8 to 3.6.

I think they would. I think one of the agreements we came to was that students ought to be in control of their decision about their loan rate based upon what is available to them. If students go through the next 4 years and they have a…

The Senator is exactly right. There are others on the other side who would like to speak. Madam Chair, at this time I reserve the remainder of the time on our side and yield the floor. The PRESIDING OFFICER. The Senator from Iowa.

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…

This goes to the heart of what the Senator from Tennessee said. Today the subsidy goes to 26 percent of our students; 55 percent pay the 6.8 rate. Under the bipartisan bill, 64 percent--all undergraduates--get 3.66. If this is about…

Above all, Mel always prioritized service to North Carolina during his more than 20 years in the U.S. Congress.

Let me just say to my colleagues, Mel is a good man. He is a good husband. He is a good father.

Finding a nominee for Director of the Federal Housing Finance Agency has been a long time coming.

I am shocked at what Senator Nelson has uncovered, that providers would do exactly what we designed and take advantage of it.

I think it is a cheap shot to come in here and say that has contributed to the health care model that we have today.

I think Medicare is the 800-pound gorilla in the room.