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CSPAN Key Capitol Hill Hearings June 11, 2014

A recent analysis showed that middle class undergraduate student with an average loan debt would save more than 4,000 over the life of that loan. A typical graduate student would save more than 2,500, and a it upical parent would save 3,500 or more. My colleagues know these savings would be invested right back into the economy. Last year the center for American Progress estimate tad refinancing just some of these 21 l loans would pump million into the economy. Thats because these people are 100 40e 0 to to 100 a month. Our bill is a good deal to taxpayers. Just last week the Congressional Budget Office scored our bill as generating 72. 5 billion in savings over 10 years. Mr. Speaker, more and more constituents are writing my office, emailing, facebooking, stopping me in the street to talk about stories about how they and their children are buried in student de ....

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