On the recordMarch 25, 2015
Mr. President, I appreciate and support the comments from my colleague, my neighbor from Vermont, Senator Sanders. I am pleased to be here to support Senator Warren's bill, which I am cosponsoring. This amendment would allow our young people to refinance their student loans. Student loan debt has now surpassed credit card debt in this country. This is an issue about the economy of this country, but even more important it is an issue about the future of our young people. In New Hampshire, we have the second highest student loan debt in the country. I have talked to young people and their families, who say they are delaying getting married, they are delaying having children, and they are delaying buying houses because of their student loan debt. Yet, families can refinance their houses and they can refinance their cars. They should be able to refinance their student loans. This is critical to getting our economy moving again in the way it should. It is critical to ensuring that our young people have a future. I hope all of our colleagues will take a look at this legislation and will agree that it makes sense. We need to do this for our families, for our students, and for our country. I yield back to the Senator from Vermont.