McConnell on Bipartisan Student Loan Agreement

Mitch McConnell
Mitch McConnell

U.S. Senate Republican Leader Mitch McConnell released the following statement today regarding the bipartisan agreement on student loans:

“I am encouraged to see that Senate Democrats finally agreed to end their obstruction of student loan reform, clearing the way for passage of a bipartisan bill that will help all students. This is an issue that should’ve been a bipartisan slam dunk as proposals put forward by both the President and Congressional Republicans were strikingly similar. Unfortunately, many Senate Democrats were more intent on prioritizing politics over helping students and the President didn’t fully engage on this issue until after the deadline had passed. The Senate Democrats’ obstruction and the President’s inaction resulted in a stalemate that was finally broken this week after Senate leaders decided to stop using students as pawns in a political chess match. This bipartisan bill is what should’ve been agreed to weeks ago — permanent reform that ties interest rates to market rates. This important reform takes the decisions on interest rates out of the hands of politicians and protects both the taxpayer and students from paying too much for student loans.”

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