Pelosi Statement on GOP Obstruction of Democratic Efforts to Prevent Student Loan Rate Hike

May 8, 2012
Press Release

Washington, D.C. - Democratic Leader Nancy Pelosi released the following statement today after House and Senate Republicans voted to block Democratic efforts to prevent student loan rates from doubling on July 1st:

“Congressional Republicans never miss an opportunity to obstruct progress for America's middle class.  Today was no different, as both House and Senate Republicans chose obstruction over cooperation and blocked the Democratic efforts to keep college affordable.

“The stakes for our nation's students are clear: more than 7 million young people will see their loan rates double if Republicans continue to stand in the way of action or insist only on paying for this initiative with an assault on women's health.

“As President Obama is making clear today, Americans don't have the luxury of taking a break from their bills or facing higher costs while Republicans pursue their ideological agenda.  The same goes for America's students.  Republicans must work with Democrats to prevent a disastrous increase in student loans and strengthen the economic security of middle class families, youth, and workers.”