Roe Votes to Prevent Student Loan Interest Rate Hike
WASHINGTON D.C. – Today, Rep. Phil Roe, M.D. (R-TN) voted in support of H.R. 1911. This legislation would provide a long-term solution to student loan interest rates that takes Washington politics out of the equation by tying student loan interest rates to the market. Roe released the following statement on the legislation:
“It’s time to take Washington out of our children and grandchildren’s financial futures. On July 1st, if Congress fails to act, student loan interest rates will double. We have 38 days to address this very serious problem, and H.R. 1911 is a commonsense solution. If we allow the market to work for students, it will afford them more choices in financing their education, the certainty of reasonable interest rates and a level playing field. I am disappointed to see that President Obama has threatened to veto this legislation, despite including a very similar proposal in his 2014 budget proposal.”
Roe also spoke on the house floor in support of the bill. Click here to watch his remarks.More information on H.R. 1911 can be found here.