Joe Manchin: “To both of my friends, let me say that I graduate from college--no matter what the interest rates are, no matter what…”

“To both of my friends, let me say that I graduate from college--no matter what the interest rates are, no matter what they might have been--I graduate and economic times are tough. I find a job that is not what I think my value is, but I find a job at $40,000-- $40,000. I am married now, and I have a child or two. Don't we have in our bill a protection which has been in place for a long time--both Democrats and Republicans have supported this protection--which is called income-based repayment? By law, I can only pay 15 percent of my disposable income. I think that breaks down to my payment can only be $142. Isn't that a subsidy too? Wouldn't we be subsidizing that to an extent? I am also understanding that if my economic condition does not improve and that is all I pay, by the end of 25 years it is exonerated. I pay nothing. I am done.”