Political Quotes

“When I traveled around northwest Oregon last month, from town hall meetings to the grocery store, I spoke with Oregonians about the challenges they are facing and what keeps them up at night. Time after time, the conversation turned to the cost of higher education. It is likely we have all spoken with parents trying to make ends meet who can't save for their young children's education and recent graduates who are worried about finding jobs that will cover their looming student loan payments. But we also hear from too many people who are trying to balance their current student loan debt with child care, housing, and other expenses. Many are getting by, but 1 month of unexpected unemployment or illness could set them back years. Unfortunately, for too many, the threat of default is already a reality. Currently, more than 8 million student loan borrowers are in default on their educational debt, and the number is growing. These are hardworking Americans--mothers, fathers, veterans, nurses, teachers, and young people--who are trying to improve their lives, but have been pulled into financial turmoil. The 8 million people in default--a group, roughly, twice the size of Oregon--are at risk of financial ruin. Their tax refunds and Social Security benefits may be withheld. Their wages can be garnished and they can face legal action. And with damaged credit, borrowing for a home, car, or business, or even renting an apartment can be an impossible task.…”