On the recordJune 10, 2014
I rise to speak about a challenge that is confronting our middle-class families all across my home State of Pennsylvania and across the country. The Presiding Officer knows this issue well and has worked tirelessly to enact measures of public policy to confront this problem. We have an opportunity now with her leadership, as well as other leaders in the Senate, to work together on what I think is the kind of legislation that will help those middle- income families. The Bank on Students Emergency Refinancing Act, of which I am a proud cosponsor, is an opportunity for the Senate, folks in both parties who hear from middle-class families all the time about a range of issues. I doubt there is any issue we hear about more often than the cost of higher education. So I wish--as I am sure many other Members of this body do--to ensure that every student in our States, and for me every student in Pennsylvania, gets something very fundamental, a fair shot to attend college and reach their full potential. The bill we are considering would help students who have private and public loans in good standing from before July 1 of 2013. It allows them the chance to refinance those loans at a 3.6 percent interest level, the level that was agreed to in last summer's bipartisan student loan compromise. This compromise, as we might remember, passed the Senate overwhelmingly, 81 to 18.…





