On the recordApril 17, 2012
In 74 days, this Congress may well hang a financial albatross around the necks of students and families across this country. That's because, on July 1, student interest rates are scheduled to go from 3.4 percent to 6.8 percent, literally doubling the interest costs that our kids and their parents are going to have to pay on their education. We have got to find a way, Republicans and Democrats, to work together and avoid this punishing interest rate increase on our students. This is not about Republicans or Democrats. It's not about red States or blue States. It's not about the 2012 elections. It's about the kids that we all represent. It's about the parents that we all represent. In my case in the State of Vermont, it's about students like Michael McGurk, who is a freshman at the University of Vermont, and he literally doesn't know whether he's going to be able to go on in college if the interest rates double. It's about parents like Ben Truman and Jennifer Wallace Brodeur, who last month were sitting around the table with their son who was about to go to college and are trying to put the pieces together to be able to afford it. What this is also about is ground zero for the middle class.…





