News Column

Udall Decries Partisan Obstruction, Pledges to Keep Fighting to Help Coloradans Confront Crippling Student Loan Debt

June 11, 2014

WASHINGTON, June 11 -- The office of Sen. Mark Udall, D-Colo., issued the following news release:

Mark Udall, who has fought to keep education affordable and accessible for all Coloradans, pledged to keep fighting for the 760,000 Coloradans with outstanding federal student loan debt after partisan obstruction today of his common-sense legislation to help borrowers refinance at this year's low interest rates. Udall said the obstruction of the Bank on Students Emergency Loan Refinancing Act -- Republicans used a procedural vote to prevent a debate on the bill from taking place -- hurts Coloradans and ignores a very serious challenge endangering our state's economy.

"Nearly one in six Coloradans carry student loans with interest rates as high as 14 percent. The decision by a minority of lawmakers in the U.S. Senate to prevent us from even debating my common-sense and deficit-neutral plan does nothing to strengthen our economy or invest in tomorrow's leaders," Udall said. "When we keep opportunity within reach and help Coloradans invest in themselves and our economy, we strengthen the middle class. That's why I am far from finished fighting, and I won't give up on the 760,000 Coloradans with student loans. You deserve action, not partisan gamesmanship."

Udall championed his legislation this week at a press conference at the U.S. Capitol and highlighted how this common-sense bill would restore opportunity for thousands of Coloradans with student loan debt and put money back in consumers' pockets. The average student loan debt for a student in Colorado is $24,540, with more than half of Colorado college students carrying some amount of debt.

Udall has been a strong advocate of keeping college affordable and within reach for all Coloradans. He led the effort last year to keep Stafford student loan interest rates from doubling. He also fought to ensure immigrants have access to in-state tuition, supporting Colorado's ASSET bill and the federal DREAM Act.

TNS 30TagarumaMar-140612-4765107 30TagarumaMar

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Targeted News Service

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters