WASHINGTON, DC – Today, Representative Scott Peters (CA-52) called on leaders of both parties in the House of Representatives and the Senate to take definitive action to stop student loan interest rates from doubling on July 1st. H.R. 1595 the Student Loan Relief Act, which the Congressman reaffirmed his support for today, would freeze rates at 3.4% for two years while Congress debates a more permanent solution to college affordability.
“There are only 10 legislative days left for Congress to act to keep the dream of college in reach for millions of students. Higher education that is both high-quality and affordable is central to the success of middle class families and the American Dream.
“The Majority seems unwilling to work toward a solution that is sustainable for students and their families who bear the burden of these loans. I have been vocal about the need to take action on this issue for some time, hoping that we could find a reasonable fix before reaching crisis mode. I will continue to call on Speaker Boehner and leaders in the Senate to take action immediately.”
Congressman Peters sent Speaker Boehner a letter last month calling for a vote on H.R.1595 which can be read here. He also spoke on the House floor to call for action on the issue. Full video of that speech can be seen here.