Concurrent Resolution on the Budget for Fiscal Year 2016 -- Continued

Floor Speech

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Mrs. SHAHEEN. Mr. President, I appreciate and support the comments
from my colleague, my neighbor from Vermont, Senator Sanders. I am
pleased to be here to support Senator Warren's bill, which I am
cosponsoring.

This amendment would allow our young people to refinance their
student loans. Student loan debt has now surpassed credit card debt in
this country. This is an issue about the economy of this country, but
even more important it is an issue about the future of our young
people.

In New Hampshire, we have the second highest student loan debt in the
country. I have talked to young people and their families, who say they
are delaying getting married, they are delaying having children, and
they are delaying buying houses because of their student loan debt.
Yet, families can refinance their houses and they can refinance their
cars. They should be able to refinance their student loans.

This is critical to getting our economy moving again in the way it
should. It is critical to ensuring that our young people have a future.
I hope all of our colleagues will take a look at this legislation and
will agree that it makes sense. We need to do this for our families,
for our students, and for our country.

I yield back to the Senator from Vermont.

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