Wagner to Administration: Stop Playing Politics with Student Loan Interest Rates

Washington, DC – Congresswoman Ann Wagner (R-MO) released the following statement in response to President Obama’s student loan event at the White House:

“It’s time for the president to stop playing politics with student loan rates and start leading the American people.   The president and House Republicans agree on the need for a long-term, market-based solution that will stop Washington politicians from arbitrarily setting student loan interest rates.  That’s why the House passed in a bipartisan fashion and approved the Smarter Solutions for Students Act, which was largely based on a proposal put forth by President Obama earlier this year.  Unfortunately, the Democratic-led Senate hasn’t even passed a bill preventing these rates from doubling.  If the president is truly committed to protecting hardworking Americans, he should spend less time on Air Force One traveling to campaign-style events and more time convincing Senate Democrats to do their job.”