On the recordJanuary 28, 2016
I come to the floor today because I think that higher education should be a path to prosperity, not a path to suffocating debt; however, today in America we have a student debt crisis that demands action from Washington because it is holding back an entire generation and creating an economic drag on the growth of our country. Unfortunately, the Republican majority here in the Senate continues to ignore this crisis at a time when we really should be working across the party aisle to put in reforms that make college more affordable for students and their families who are struggling and in desperate need of action. That is why last week Senate Democrats officially launched our ``In the Red'' campaign in order to confront the student debt crisis and address college affordability. Our legislative reform package includes three commonsense initiatives that deserve to be debated and deserve a vote. First, we are calling for action to address the significant loss in value of Pell grants by adjusting them for inflation; second, we are pushing to allow borrowers to refinance their existing student loans at lower rates; and third, we are making 2 years of community college or technical school free for students who are willing to work for it.…
Source
govinfo.gov




