Pelosi: Student Loan Bill Will Make College Education More Affordable and More Accessible

January 17, 2007
Washington, D.C. - Speaker Nancy Pelosi released the following statement today on H.R. 5, the College Student Relief Act of 2007, which cuts the interest rates on student loans and passed on the House floor by a vote of 356 to 71, with all Democrats and 124 Republicans voting for the bill:


'Today's bipartisan vote to cut the interest rate in half on federally subsidized student loans over the next five years will help make a college education more affordable and more accessible for our next generation of leaders and innovators.  At a time when college tuition continues to skyrocket, this crucial legislation will help remove some of the barriers to a higher education.

'A college education is the best investment our nation's young people can make in themselves, and the best investment our nation can make in its future.  Democrats will continue to work to ensure that every young person that is determined to earn a higher education is able to do so.  Our young people should be driven by their dreams, not weighed down by debt.'