(House of Representatives - June 25, 2013)

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[Page H4002]
From the Congressional Record Online through the Government Publishing Office []


  (Mr. YODER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. YODER. Mr. Speaker, I rise today to address the mounting 
financial challenges facing our college students.
  With student loan debt over $1 trillion, even larger than the credit 
card debt in our Nation, students are taking on a significant financial 
burden in order to realize their dreams. Soon that burden may grow as 
interest rates are set to go up significantly on these loans that 
students hold, thereby increasing the cost of college dramatically in 
our country.
  Congress must act, and the House already has. A month ago the House 
proactively took action to ensure America's college students and their 
families continue to have the Nation's support in pursuing their 
collegiate aspirations. In passing the Smarter Solutions for Students 
Act, the House would keep rates low for college students and create a 
permanent solution to this annual problem, getting Congress out of the 
business of setting interest rates.
  Mr. Speaker, I hope the Senate will take up the Smarter Solutions for 
Students Act to create certainty for today's college students so that 
they, too, may have a chance to realize the American Dream.