Press Release ● Education
For Immediate Release: 
May 8, 2012
Contact Info: 

Mariel Saez, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today after Senate Republicans blocked consideration of a bill to extend lower interest rates on student loans:

“I was disappointed that Senate Republicans today voted to block a bill that would keep student loan interest rates low for another year. If Congress fails to act by July 1, the interest rates on student loans for 7.4 million Americans will double. We cannot allow this to happen. I strongly urge Republicans to get serious about keeping student loan interest rates low, and I hope they will work with Democrats to address this issue before the July 1 deadline arrives that includes a pay-for acceptable to both sides.”