Political Quotes

“first let me salute my colleague from Connecticut for bringing us all together to talk about this important issue, the good words of my colleague from Oregon--always on the money, always understanding what average folks need and have to go through--and, as well, our sponsors of this legislation. I salute Senators Warren and Franken, who are our two lead sponsors. The bottom line is very simple. It is amazing to think that there are 40 million Americans and their families--at a time when interest rates are at about a record low--who are paying 7 to 14 percent on their student loans. It is amazing to think that the average student graduates with over $30,000 of loans on his or her back. It is amazing to think that so many of our young people are living at home because they cannot afford not to because of student loans. Thirty-six percent of all individuals between 18 and 31 live with their parents--the highest percentage in 4 decades. Why should people be paying more? And even more outrageous, guess who is making the profit much of the time? Sometimes it is the private banks. That is bad enough, but sometimes it is the Federal Government. For the Federal Government to charge people nearly double the going rate for their student loans is so unfair. So we Democrats are hoping to give people a fair shot, a fair shot at being able to repay the cost of college at a reasonable interest rate. That is all we want.…”