Political Quotes

“To the coanchor, to my friend and colleague, the gentleman from New York, Representative Jeffries, I appreciate your leadership and the leadership of the Congressional Black Caucus in focusing this hour on such an important issue as the cost, the increasing cost of attending higher education in this country. You know, Mr. Speaker, this week, graduations are being held across the country. Families are celebrating the achievement of students who have worked hard for the last 4 years or more to earn their degree. So I find it ironic that on this week when Americans are celebrating the achievement of students who have worked so hard that my colleagues on the other side would propose such a hypocritical piece of legislation as H.R. 1911. H.R. 1911 is nothing but a bait-and-switch scheme that makes attending college more expensive. Can you imagine that? Proposing a piece of legislation that costs the American people more to go to college? People are already struggling to go to college as it is. According to the CBO estimates, Federal student interest rates will be higher than current fixed rates for millions of borrowers. That means that if you're financing your college now, it's likely you will be paying more once you graduate under the Republican plan than you would today. H.R. 1911 makes student loan interest rates change year to year, based on the 10-year Treasury note marked up by 2.5 percent to 4.5 percent.…”