On the recordJune 12, 2014
yesterday we debated and voted on the need to lower interest rates for students with college debt. I consider the issue of the high cost of college and student indebtedness to be one of the very serious problems facing our country, impacting millions and millions of young people and their families. What I did through my Web site is just ask people from Vermont and around the country to briefly write stories about the impact of college debt on their lives. What I would like to do very briefly is to read some of the very poignant stories we have received. I believe we have received now over 700 stories from people all over America who are talking about what the student debt they have incurred is meaning to their lives. Let me very briefly read some of the responses we have received. Shannon Lucy, 29, is from Essex Junction, VT. She is $90,000 in debt. She wrote: I currently live in my boyfriend's parents' basement because I cannot afford to pay both rent and my nearly $900 per month student loan payments. Despite working two jobs and living rent-free I am barely making ends meet. I can't even dream of buying a house or supporting a child--I can't even support myself. Getting married would mean burdening someone else with my debt so that's not financially possible either. I thought I did everything right. I thought getting an education was an investment in my future.…





