Last week the
The average college graduate with a four year degree has about
Last year, we worked together in a bipartisan way to cut interest rates nearly in half on all new undergraduate student loans, which are 85 percent of all student borrowers, at no cost to taxpayers. We should be working together to solve the real student debt problem which has been overcomplicated with too many student loan repayment programs and excessive borrowing. We should not have wasted time on a political stunt that interrupted a serious discussion in the education committee on reauthorizing the Higher Education Act, the same kind of discussion that produced last year's success. As the leading Republican on that committee, I would like Republicans to have the opportunity to offer their proposals so we can create more good jobs and better schools.
The Democrats' proposal is unfair to students, taxpayers, and future generations. It treats former students with old loans better than current or future students because it freezes interest rates on old loans, but interest rates on loans for new students may rise as market prices rise. It is unfair to taxpayers because it costs them
Republicans are ready to offer and debate our proposals for better schools, which mean higher college graduation rates, which lead to better jobs for graduates. The best way to prepare students to graduate college in four years or less and to keep their education costs low is to raise standards, improve tests, fix failing schools, and evaluate and reward outstanding teachers. Republicans want to fix No Child Left Behind and reverse the Democrats' trend toward a "
Rather than wasting any more time on this political stunt, the
TNS 24KuanRap-140621 30FurigayJof-4774331 30FurigayJof
Most Popular Stories
- Desktop, Laptop Setups Still King
- Four DC Comics Properties Brought to TV Get Comic-Con Event
- UFC Fight Night Sees Robbie Lawler Win Unanimous Decision
- Plan to Simplify 2015 Health Renewals May Backfire
- 'Guardians of the Galaxy ' Sequel Slated for 2017
- Shania Twain's Vegas residency ending after 110 shows