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From Speaker Boehner's Blog: House of Representatives to Vote on Student Loans Today

| Posted in Virginia Foxx in the News

Later today, the House will vote on legislation to ensure millions of student loan borrowers won’t see their rates double in July. Not only that, the bill will put in place a long-term solution that gets Washington out of the business of setting interest rates. The Smarter Solutions for Students Act (H.R. 1911) is a win-win for both students and taxpayers and it’s part of Republicans’ Plan for Economic Growth and Jobs.

House GOP Reluctant to Link IRS Scandal to Obamacare

| Posted in Virginia Foxx in the News

"From the beginning, Speaker [John] Boehner has made it clear we were going to put a strong emphasis on oversight and we have done that," Foxx said. "Oversight is something we care about when it comes to any government agency and we will continue to pursue this as a policy."

Student Loan Bill Moves Forward in House

| Posted in Virginia Foxx in the News

The House Education and the Workforce Committee on Thursday approved the Smarter Solutions for Students Act (H.R. 1911). Introduced by John Kline (R-MN) and Virginia Foxx (R-NC), this bill would tie both subsidized and unsubsidized Stafford student loan rates to the 10-year Treasury note, plus 2.5 percent, and end the rate differentiation between the two types of loans. It would also tie PLUS loans for parents and graduate students to the 10-year Treasury note, plus 4.5 percent. (See the table below for what students and their families would pay under these proposals.)

Tying Student Loan Rates to Financial Markets

| Posted in Virginia Foxx in the News

"Student borrowers shouldn't have to ride the roller coaster of political largesse wondering every year whether Congress will intervene in time to adjust their rates," Foxx said.

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