Political Quotes

“I thank Senator Stabenow and Senator Baldwin. I am pleased to be on the floor today joining the distinguished Senator from Michigan, Ms. Warren, Senator Franken, and all the other Senators who will be here to speak on the Bank on Students Emergency Loan Refinancing Act. This is a critical piece of legislation, and it will allow eligible borrowers who took out student loans prior to January 1, 2013, to refinance those loans at a lower interest rate. You can refinance a car and you can refinance a mortgage, but you cannot refinance a student loan. We have heard from literally hundreds of students and residents in New Hampshire who are no longer students but who are trying to pay back loans after years of having to try to pay back the loans and start their lives. Supporting this bill is a commonsense way we can come together to help the millions across this country who are struggling to pay back their student loans. This is especially important to New Hampshire because we rank second in the country in average debt per graduate--almost $33,000 per graduate for student loans. According to recent estimates, almost 130,000 New Hampshire residents could benefit from this bill. These folks need some relief from their student debt burden because it often comes at interest rates that are higher than they pay for a home or a car. It is unacceptable to leave these borrowers struggling with crippling debt when we have an opportunity to address this growing problem.…”