video: Cicilline Implores House to Reject “Making College More Expensive Act”

Thursday, May 23, 2013

 

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Speaking on the floor of the U.S. House of Representatives, Congressman David N. Cicilline (D-RI) today spoke out to protect student loan interest rates from rising, urging his colleagues to prevent an interest rate hike that is scheduled to take place July 1st.

"The idea that, as a country, we make money on the pursuit by young people of their education is plain wrong," Cicilline said. “Rather than continuing to charge students higher interest rates so they can afford a college education, we should be working to make college more affordable for everyone. I am frustrated that after so many months of gridlock, the Republican leadership forced another controversial bill through the House on a largely party line vote this afternoon.”

H.R. 1911 would allow students to lock in at today’s historically low interest rates, but would also expose them them to potential increases each year – preventing students from knowing how much they will owe for their college education.  Last week, the Rhode Island legislator announced his support for a package of three bills that would prevent the doubling of student loan interest rates on July 1st.

Despite a veto threat from the White House, H.R. 1911 passed the Republican-controlled House today by a vote of 221-198.

 

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