7/31 @ 11:30 AM ET | Speaker Boehner Press Conference - WATCH LIVE HERE

WASHINGTON, DC – House Speaker John Boehner (R-OH) released the following statement after Senate Democrats adjourned for a week-long recess without passing any legislation addressing student loan interest rates, which are set to double July 1st:

“Millions of American students and their families are about to pay the price for the stubbornness and partisanship of Senate Democratic leaders.  It is stunning that Senate Democrats would leave town having done nothing to prevent interest rates on college loans from doubling.  Earlier this year, the president called for a market-based interest rate for student loans. House Republicans responded by passing one.  Senate Democrats responded with scorn and inaction.  The inability of the president and leaders of his party in Congress to come together will now mean higher borrowing costs for students already coping with skyrocketing tuition bills.  This Democratic infighting is exactly why we have to take politics out of student loans and put in place a permanent solution.  The president must urge his fellow Democrats to pass a market-based solution as soon as they return so that we can right this wrong and give our kids a better shot at the American dream.”