On Wednesday, the House approved a bipartisan motion to concur with the Senate on a permanent, market based solution for student loans.

 

Representative Larry Bucshon said:  

 

“As a physician who made it through medical school on student loans and the father of two college students, I understand the struggle that many families face. I am pleased that the Senate took action on the permanent, market based solution to student loan interest rates that the House passed in May. We sent a bill to the President’s desk that takes politics out of student loans and provides certainty for students and their families.”

BACKGROUND:

The House passed H.R. 1911, the Smarter Solutions for Students Act on May 23^rd, 2013 to prevent interest rates from doubling on college students.

After months of delay, the Senate finally took action and passed a solution that closely mirrors the proposal passed by the House.