A Win for Students: Signing the Bipartisan Student Loan Certainty Act of 2013


The President:
Feels good signing bills. I haven’t done this in a while. (laughter) Hint-hint, hint-hint. (laughter) Ms. Eitier:
This bill is a win
for American students because the interest rates now will be tied
to the market rates. It’s great for myself
as a graduate student, and then for the majority
of undergrads as well, because this bill addressed
subsidized, unsubsidized, and PLUS loans. Ms. Muhire:
Every single year that
I’ve been a student, we’ve had to battle Congress
to not double our rates. That’s usually the
slogan that we use: “Don’t double
our rates, please.” Because it’s going from
3.4 percent to 6.8. This made us feel
like a lot of the effort that we put into the year, organizing around getting
the student interest rates low, this was a step forward. Ms. Johnson:
We were really excited
about this idea, this prospect of having
a long-term solution. So interest rates, as a result,
are actually going down for 11 million students. So I think this is a really
important piece of legislation, so we can be done with it and we can start talking
about college affordability. Ms. Hidalgo:
If college is affordable, that’s less debt
that America will be in, so students will be more
prone, when graduating, to buy a house, to buy
appliances for the house, to go shopping for furniture,
to buy a car. Those are all things that
keep the economy going. Mr. Lo:
College is not
a partisan issue. I mean, it’s something
that’s beneficial to society, to our country and our economy. One of the things that we’ve
been hearing from students all the time is that, you know,
they want to graduate; they want to be able to
deal with their debt, get a good-paying job and contribute to our
economic recovery. But there’s been a lot of
gridlock in Congress on a variety of issues, but it’s definitely a positive step
in the right direction. Ms. Hidalgo:
It was nice to hear
President Obama say, “Whoa, this hasn’t
happened in a while.” And it goes to show
you that it can happen if we really put our minds to it
and if we really work together. I mean, at the end of the day,
we all want to make this country a better place for everyone.

Paul Whisler

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