9 Democrats You Can Thank For Today’s Student Loan Rate Hike
Ami Bera (CA-07), Raul Ruiz (CA-36), Patrick Murphy (FL-18), John Barrow (GA-12), Bill Enyart (IL-12), Mike McIntyre (NC-07), Ann McLane Kuster (NH-02), Peter DeFazio (OR-04), and Jim Matheson (UT-04).
Time To Hold Dems Accountable For Rate Hike
WASHINGTON – Today is July 1st and thanks to Washington Democrats, student loan rates have now doubled.
House Democrats like Mike McIntyre voted against a common-sense proposal—similar to President Obama’s own plan—that would have kept rates from doubling. It’s this type of gamesmanship that has North Carolina families sick and tired of Washington.
“Mike McIntyre should be ashamed of himself,” said NRCC Communications Director Andrea Bozek. “He and Washington Democrats would rather play politics with our young people’s futures, than give them an opportunity to succeed.”
Last Month, McIntyre Voted Against A Bill That Would Have Prevented Student Loan Rates From Doubling. (H.R. 1911, Vote #183, 221-198, 5/23/13)
The House Bill “Echoes A Plan Obama Offered In April.” “[T]he Republican bill echoes a plan Obama offered in April to tie interest rates to the yield on the 10-year Treasury bill, rather than setting them via an act of Congress. (Nick Anderson, “House Approves Republican Student Loan Bill,” The Washington Post, 5/23/13)
Student Loan Rates Doubled On July 1st. “ The legislation responds to a looming deadline: On July 1, unless the law is changed, rates for a certain type of new loan for undergraduate students in financial need will double to 6.8 percent, from 3.4 percent.” (Nick Anderson, “House Approves Republican Student Loan Bill,” The Washington Post, 5/23/13)