Sanders State­ment on Stu­dent Loans

Stanstead Journal - - NEWS BRIEFS - Wash­ing­ton, DC

Sen. Bernie Sanders (I-Vt.) is­sued the fol­low

ing state­ment June 29 af­ter Congress ap­proved

a bill to ex­tend cur­rent in­ter­est rates on Stafford loans for 9 mil­lion col­lege stu­dents, in­clud­ing

19,000 in Ver­mont:

“Young peo­ple in Ver­mont and across the coun­try are fac­ing ex­tra­or­di­nary chal­lenges. They are pay­ing three to four times as much as their par­ents did for a col­lege ed­u­ca­tion. With fam­i­lies al­ready over­bur­dened, it would have been aw­ful to have let in­ter­est rates dou­ble.

“In Ver­mont, nearly 70 per­cent of col­lege grad­u­ates are car­ry­ing stu­dent loan debt, on av­er­age about $30,000. This puts Ver­mont at the sixth-high­est stu­dent loan debt load in the coun­try. I’m glad the Se­nate was able to pass this com­mon­sense pro­vi­sion and keep the in­ter­est rate on fed­eral sub­si­dized Stafford loans at their cur­rent rate of 3.4 per­cent.”

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