House Education and the Workforce Committee Chairman John Kline (R-MN) issued the following statement after the Senate adjourned without taking up legislation to address the July 1 student loan interest rate increase:
I am stunned Senate Democrats left town without passing any legislation to prevent student loan interest rates from doubling next week. We had a real opportunity for compromise on an issue affecting millions of young people. Last month the House responded to the president’s call for a long-term plan that would get politics out of student loans and take the threat of a rate hike off the table. Just a couple days ago, a group of senators introduced a similar plan, offering new hope for a bipartisan, bicameral deal. But a handful of Senate Democrats have derailed weeks of negotiations, refusing to act in the best interests of students and families. It’s disappointing, it’s disheartening, and it’s disgraceful.
