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Pelosi Statement on Student Loan Rates

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today on congressional Republicans’ refusal to act to prevent student loan rates from doubling last week and keep college affordable for America’s students:

“America’s students and middle class face another Republican-manufactured crisis today, yet House Republicans are more interested in finding someone to blame than in seeking a solution. 

“For months, Republicans refused to act to keep interest rates low and to keep college affordable.  Instead, they simply pushed their plan to make college more expensive and saddle Americans with more debt – then left town just days before interest rates doubled.  Now, our nation’s students and working families are paying the price.

“Democrats are ready and eager to resolve this crisis and work across the aisle to restore the lower interest rates and ensure college remains in reach for millions of Americans.  For the sake of a stronger economy, middle class, and future, Republicans should work with us to put more young people back in the classroom.  We must ensure the success of America by securing the success of America’s students.”