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Congresswoman Karen Bass

Representing the 37th District of California

Statement on Senate Passage of Student Loan Interest Rate Legislation

July 24, 2013
Press Release

(Washington DC) Today, Congresswoman Karen Bass (D-Calif.) issued the following statement in response to Senate passage of legislation to address the doubling of interest rates on Stafford student loans:

“It’s both immoral and irresponsible to tax the educational investments of young people to help fund the federal government,” Congresswoman Bass said. “The federal government should be a constructive partner in spurring reforms that help students and borrowers to attain a college education - not serving as a loan shark. When the federal government earns more in profits off of students than the largest corporations take home in profits, it’s time for a different approach. But sadly Washington continues to miss the mark in standing up for our students.”