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Foxx: Leading from Behind on Student Loans Isn't Working

Washington, D.C., July 10, 2013 | Ericka Perryman (202-225-2071)
“It’s obvious the White House’s apparent choice to lead from behind on this issue isn’t working. Though House Republicans voted more than a month ago to approve a long-term solution to protect student borrowers from an arbitrary doubling of interest rates, Senate Democrats haven’t been able to agree on a solution of their own. The policy differences between the House’s Smarter Solutions for Students Act and the President’s original budget proposal are minor. The President should direct his Senate to build off of those commonalities and not waste the opportunity we have to strengthen America’s student loan system together. Preserving the politics of this annual fight would be a real disservice to students and taxpayers.”
Higher Education Subcommittee Chairwoman Virginia Foxx (R-NC), original cosponsor of the House of Representatives’ Smarter Solutions for Students Act, issued the following statement upon the most recent Senate failure to address the July 1 doubling of select federal student loan interest rates:

“It’s obvious the White House’s apparent choice to lead from behind on this issue isn’t working. Though House Republicans voted more than a month ago to approve a long-term solution to protect student borrowers from an arbitrary doubling of interest rates, Senate Democrats haven’t been able to agree on a solution of their own. The policy differences between the House’s Smarter Solutions for Students Act and the President’s original budget proposal are minor. The President should direct his Senate to build off of those commonalities and not waste the opportunity we have to strengthen America’s student loan system together. Preserving the politics of this annual fight would be a real disservice to students and taxpayers.”

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