Political Quotes

“Thank you very much, Mr. President. I am honored to be here joining Senator Blumenthal, Senator Durbin-- Senator Baldwin is going to be here--Senator Schumer, and many others to come and address this important topic, and this topic is the college loan debt trap. I have a letter here from Stephanie from Oregon, and she writes to me about the trap she and her husband feel they are in. She says: I am writing to you as a potential investor into Oregon's economy and the economy of the United States. Unfortunately, however, I will not be able to be this investor until mine and my husband's Private Student Loans . . . are paid off. We owe a little less than $100,000 in . . . Student loans and pay $1,100 per month. We will pay this amount for the next 12 years. Because of our student loans and the 7-7.2% interest [rate] they are set at, we cannot afford to purchase a house in the neighborhood we love . . . cannot buy a car, and cannot even fathom starting a family. We can't even afford to go on vacation, whether that is around Oregon, or outside of that to the many other wonderful states and countries. We pay rent, utilities, and try and buy good, healthy food, but in order to even afford these basics I have to work 2 jobs at 7 days a week. She goes on later to say: It has been nothing but spinning in place. . . .…”