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Transcripts For CSPAN2 Key Capitol Hill Hearings 20140507

Quorum call ms. Stabenow id ask suspension of the quorum call. The presiding officer the senator from michigan. Without objection. Ms. Stabenow thank you very much, mr. President. Mr. President , im here today to talk about an issue that impacts tens of millions of people across the country and hangs over our entire economy, and thats student debt. Right now borrowers have accumulated over 1. 2 trillion in student debt. Think about that for a minute. Thats more than people owe on their credit cards. Talk about a drag for the individual, for their family, but for the entire economy. Students in my home state of michigan are among the most heavily indebted in the country when they graduate. And, frankly, we want them to get degrees, not debt when they graduate. Nearly twothirds of students in michigan who graduated in 2012 had Student Loan Debt with each student averaging nearly 29,000. So they walked outside the door, congratulations, take off the cap and gown and get a 29,000 bill. Thi

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