Rep. Peters Intros Bill to Lower Burden of Student Loan Repayment

Statement

Today, Congressman Scott Peters (CA-52) introduced the "Student Loan Repayment Assistance Act of 2014," legislation to make college more affordable by helping students pay off outstanding loan debt more quickly.

"Affordable higher education for every American has been central to our nation's competitiveness and success," Rep. Peters said. "I would not have been able to attend college without student loans and work study programs. This is a time to be making it easier and more affordable for students to go to college, not keeping it financially out of reach for more and more families."

"My legislation will help speed up the repayment process and lower the burden on students and families. It will increase purchasing power of young people and encourage more students to make the investment in their education that our country needs."

The "Student Loan Repayment Assistance Act" is just a piece of Rep. Peters' ongoing work to reduce the burden of student loans on American families. Earlier this year he introduced the bicameral "Federal Student Loan Refinancing Act" with Rep. Mark Pocan (WI-02) and Senator Kirsten Gillibrand (D-NY). He was also vocal in the successful effort to stop federal student loan interest rates from doubling last summer.

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