CONGRESSMAN BISHOP STATEMENT REGARDING HOUSE VOTE ADDRESSING STUDENT LOAN RATES
Washington, D.C. – Congressman Sanford D. Bishop, Jr. (GA-02) released the following statement today after the House, in a 392 to 31 bipartisan vote, passed the bipartisan Senate-passed legislation addressing student loan rates, which doubled on July 1st, sending the bill to the President’s desk for his signature.
“This compromise not only brings relief to America’s college students but also shows our nation that Congress can still work in a bipartisan fashion to address important issues. Millions of undergraduates struggling with the rising expense of college education will save $25 billion in loan interest costs, saving each student an average of $1,500 over the life of their loans. Approval of this bill was a positive step forward for all of America, and I look forward to working with my colleagues to tackle the long-term issue of comprehensive college affordability in the future.”