Merkley Statement on Reports of Student Loan Deal

WASHINGTON, DC – Oregon’s Senator Jeff Merkley released the following statement today after recent reports on a deal to keep student loan rates from doubling: 

“If we want a successful economy and successful middle class in the future, we need to make sure today that the next generation has the education they need to compete in a global knowledge economy. Unfortunately, too many young people right now are already having to choose between forgoing college education or taking on a crushing burden of debt. The last thing we should do is make it worse by doubling interest rates, so I’m glad Senate Republicans have joined us in agreeing to stop this rate hike. Allowing these rates to double at the end of the month would add thousands of dollars to the cost of college for many Oregon students. The clock is ticking and it is time for the House to join us and get this done.”