Student Loans

Floor Speech

Ms. FOXX. Mr. Speaker, House Republicans have acted to stop Federal student loan interest rates from doubling on July 1. Our assignment is turned in, while the President and his Democrat Senate are registering an incomplete.

Yesterday, I spoke with high school and college students about our Smarter Solutions for Students Act that removes the distraction of politics from the equation and permanently settles how interest rates are set.

The President requested a solution much like ours, but his own party in the Senate refused to pass the legislation.

July 1 is coming, and students know that means interest rates will double if the President doesn't lead and the Senate doesn't act. Political procrastination is what we are seeing from the President and Senate. It is a good thing they sell Red Bull in the cafeteria, because a Senate all-nighter on student loans might require some.

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