On the recordJuly 24, 2013
Mr. President, we can fix our student loan program with a ``yes'' vote on the bipartisan legislation to lower interest rates for all student borrowers. The bipartisan Student Loan Certainty Act is a long-term fix that is fair, equitable, financially sustainable, and fiscally responsible. This compromise will save students $8 billion in interest this school year which translates to $31 billion in savings over the next 4 years. That means a savings of $2,000 in interest for the average freshman student who starts college this year. A ``no'' vote will prevent our students from realizing this savings. There is simply no better investment we can make than the education of our children and grandchildren. I urge my colleagues to make that investment and vote to support this long-term bipartisan fix. The PRESIDING OFFICER. The Senator from Rhode Island.
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