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The Future Forum

Floor Speech

Date: April 13, 2016
Location: Washington, DC
Issues: Finance and Banking Higher Education

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Mrs. TORRES. Absolutely. Mr. Speaker, I thank Mr. Swalwell for bringing this topic to the forefront.

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Mrs. TORRES. One year. That is wonderful.

This issue is not limited to the students. At a Congress in Your Corner last November, I heard from parents of a constituent who were nearly in bankruptcy because the student loan from not one child, but two, was so much that it was actually more than their mortgage payment. So here they are working in their late 60s to try to help make payments for their students.

This is a critical issue. They are not able to purchase a vehicle and they are not able to purchase a home. I bought my home in my early 20s. I know that 20-year-olds today, or 23-year-olds today, could not do that because of the high student loan ratios that they have.

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