Rep Walberg Votes For Bipartisan Student Loan Bill

Washington, D.C. – Today Rep Walberg voted in favor of legislation to reduce federal student loan interest rates. Earlier this month the Senate amended and approved House-passed legislation, H.R. 1911, to tie student loan interest rates to the market. The legislation provides certainty for federal student loan programs by implementing a permanent market based interest rate, locks in the interest rate for students at origination for the life of the loan and will be applied retroactively to any loans made since July 1, 2013.

"The bill reflects the same policies and priorities of the House-passed Smarter Solutions for Students Act: a long-term, market-based solution that provides certainty for college students. I am pleased the Senate was able to work and find common ground with the House and joined us addressing this issue. This is a win for students, families and taxpayers," commented Rep Walberg following the vote.