Political Quotes

“I would say to that criticism, and we all heard it today on the other side, that there is an immediate reduction. We are not cutting it in half immediately, but there is a reduction for students who are going to go into college this fall. You are going to see a reduction in your interest rates for student loans, and if you are a parent of children who are deciding where to go to school, maybe entering high school right now and they are deciding to go to college in the year 2011, the interest rate is going to be half of what it is today, and that is because of the action we took in the House today. And I was proud to cast my vote. In Pennsylvania, we have the fifth highest cost of tuition in the entire country as a State, and we have some great State universities like Penn State. Everybody knows about Penn State. There are 32,000 students on student loans at Penn State University who are going to benefit from what we did today, and the ones who are entering school this year have a $2,250 lower payment over the course of their loans. Students who enter Penn State in the year 2011 are going to see a reduction in what they pay over the lifetime of their loans of $4,360. That is real savings, and there is nobody on the other side who can say that we have not taken strong action here today. So I am proud of what we did today, along with all the other action we have taken in the last 2 weeks.”