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ICYMI: Student loan rates: Let the market decide, not politicians
Jun 12, 2013
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There may be few issues that Republicans and Democrats agree on these days, but protecting college students and graduates from sky-high student loan rates should be one of them. The Smarter Solutions for Students Act, currently pending before the Senate, ties student loan rates to the market instea...
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ICYMI: Kline: Remove politicians' role, align rates with free market
Jun 3, 2013
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By Rep. John Kline (R-MN) Last summer, debate about student loans reached a fever pitch thanks to a scheduled increase in the interest rate for subsidized Stafford loans made to undergraduate students. The president began touring college campuses, calling on Congress to prevent the increase that hi...
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ICYMI: Obama's Student-Loan Props
May 31, 2013
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President Obama's 2014 budget calls on Congress to prevent a doubling of interest rates on student loans and make the rates "more market-based." Last week House Republicans and four Democrats voted to prevent the rates from doubling and make the rates more market-based. Naturally, Mr. Obama is sitt...
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Kline and Foxx: Getting politics out of student loans
May 23, 2013
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Bipartisan compromise is tough to find in Washington right now — but when there is opportunity for agreement, we owe it to the American people to take action. In the coming weeks, millions of student-loan borrowers could see their interest rates double from 3.4 percent to 6.8 percent. We’re in this...
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ICYMI: Reforming student loans is off to a good start
May 21, 2013
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Congress has only begun working on student loans this year, and already it’s going better than last year’s debacle. Election-year politics drove Congress and the White House to endorse a bumper-sticker policy — keep loan rates from doubling! — instead of looking at the substance. Lawmakers rushed t...
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ICYMI: Judge Strikes Down Several Provisions of ‘Gainful Employment’ Rule
Jul 2, 2012
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A federal judge has vacated several provisions of the controversial “gainful employment” rule, which the Department of Education issued last year in an effort to ensure that federal student-aid dollars flowing to vocational programs were good investments and helping prepare students for jobs that p...
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ICYMI: Student Loans and Double Standards
Jun 13, 2012
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President Obama likes to say that everyone in America should "play by the same rules." Okay, so then why does the Administration's new student-loan rule apply to for-profit colleges, but not nonprofits? The regulations that go into effect in July cut off federal student aid to career and technical ...
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ICYMI: Market can fix student loans
Jun 11, 2012
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By Rep. John Kline (R-MN) Unless Congress takes action, student loan interest rates for millions of borrowers will double in just a few short weeks. The House has already done its part by approving the Interest Rate Reduction Act, bipartisan legislation that will prevent a scheduled interest rate i...
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