Deborah Pryce said "Mr. Speaker, S. 1762 amends the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers and extends current law with respect to allowances for lenders. To put it simply, this legislation will allow for the continued availability of affordable student loans for students and their families by addressing a long-standing problem in the Federal student loan program about how interest rates are calculated. It will simplify loan terms, reduce confusion, and lock in low rates for the borrower. At the same time, it will provide stability for lenders, helping to avoid disruption in loan availability. Mr. Speaker, more than 9 million United States students today need student loans to help pay for college, and the education of our Nation's children is a major concern of most Americans, and it is the top priority for our President." @ PoliticalQuotes.com

On the recordJanuary 24, 2002

Mr. Speaker, S. 1762 amends the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers and extends current law with respect to allowances for lenders. To put it simply, this legislation will allow for the continued availability of affordable student loans for students and their families by addressing a long-standing problem in the Federal student loan program about how interest rates are calculated. It will simplify loan terms, reduce confusion, and lock in low rates for the borrower. At the same time, it will provide stability for lenders, helping to avoid disruption in loan availability. Mr. Speaker, more than 9 million United States students today need student loans to help pay for college, and the education of our Nation's children is a major concern of most Americans, and it is the top priority for our President.

Said by

Deborah Pryce

Ohio

Source

govinfo.gov

Editor's note · Context

Discussing House Resolution 334 and the implications of bill S. 1762 on student loans.

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