Kind Votes to Ensure Continued Access to Student Loans for American Families
Washington, D.C. –– U.S. Rep. Ron Kind (D-WI) voted today with a majority of House members to continue providing all Americans the opportunity to go to college by passing the Ensuring Continued Access to Student Loans Act, H.R. 5715.
“The recent instability in financial markets has hurt more than just homeowners. Many western Wisconsin families are finding it difficult to secure student loans for their college-bound children,” Rep. Kind said. “As we weather the recent economic downturn, we must continue to ensure students are able to make this important investment in their future. Congress took a step in the right direction by passing this legislation.”
While the number of students with the academic knowledge, talent, and desire to attend college has substantially increased over time, the necessary financial assistance has not kept pace. At no additional cost to taxpayers, this legislation increases federal student loan limits for undergraduate and graduate students; gives parent borrowers more time to pay off their federal Parent Loans for Undergraduate Students (PLUS); and encourages federal financial institutions’ participation in ensuring continued student loan access.
“As a representative of 12 institutions of higher education, and a father of two school-aged boys, I recognize the importance of increased access to post-secondary education and ensuring that everyone who wishes to attend college can afford to do so,” Rep. Kind said. “The Ensuring Continued Access to Student Loans will provide all Americans regardless of culture or socioeconomic status greater opportunities to further their education.”