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Student Aid And Fiscal Responsibility Act Of 2009

Floor Speech

Date: Sept. 17, 2009
Location: Washington, DC
Issues: Finance and Banking Higher Education

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Mr. WELCH. Mr. Etheridge, I thank you for your work. Mr. Miller, I thank you for your work.

I am in strong support of this amendment. The bill is terrific because what it does is take taxpayer assistance and give it to kids and parents rather than to big bailed-out banks.

Secondly, what this amendment does is allow those institutions like the Vermont Student Assistance Corporation, a nonprofit dedicated to getting kids to go to college, to help them navigate the process of financing college and then to contend with the challenges of repaying the loan. It has had an incredible success rate. So this benefit gives the benefit to those local institutions that are nonprofit, student-centered, parent-centered, family-centered, to be able to continue to do that work at the local level.

Thank you for your leadership on this, Mr. Etheridge. It will make a big difference for folks in Vermont.

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