Student Loans

Floor Speech

Mr. COURTNEY. Mr. Speaker, for Americans who are disgusted with the obstructionism of the Republican-controlled House, yesterday President Obama cut through the morass, issuing new rules for student loan assistance, implementing a law that was passed by the last Congress, the Democratic-controlled Congress, the Student Aid and Fiscal Responsibility Act.

This program will allow millions of Americans to consolidate their student loans, lower their interest rates, and will also cap loan payments again for millions of Americans. Anyone listening can go to studentaid.ed.gov/ibr to find out the new rules of eligibility which, again, will save thousands of dollars for people who are drowning in student loan costs.

Rather than trying to build on that accomplishment, this Congress passed a Ryan budget which would butcher the Pell Grant program and do nothing for people who are racking up huge amounts of student loans.

As a Member of Congress from the University of Connecticut's district--go Huskies--thank you, Mr. President. Congratulations on moving forward to address the real needs of America's middle class.

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