I thank and congratulate my chairman and friend for this excellent piece of work. When middle-class people, when police officers and real estate agents and computer programmers sit down to fill out the forms at the kitchen table and apply for financial aid, they end the process very frustrated because they quickly conclude there's nothing in there for them. After hours and hours of putting their tax returns forward, filling out forms, there's nothing in the financial aid laws for middle-class people. That's the way people feel. This bill changes that. For the first time in a long time, there is aid to middle-class students under this bill, and here's the way it works. When your son or daughter borrows money, their repayment of that loan will rise as their income does. So when they are new, they have their first apartment, their first car payment, other issues in their life, their payments will be low. But as their incomes rise, their payments will rise to pay their loans back. This is a loan repayment program that works the way life does.
Rob Andrews: “I thank and congratulate my chairman and friend for this excellent piece of work. When middle-class people, when police…”
On the recordSeptember 7, 2007
Source
govinfo.govEditor's note · Context
Discussing a bill aimed at providing financial aid to middle-class students.
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