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Students Face Higher Loan Interest Rates Thanks To Julia Brownley

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Brownley Owes Voters An Explanation After Her Vote Today

WASHINGTON – Today, Julia Brownley inexplicably voted against legislation that would work to lower student loan interest rates. The bill, which received bipartisan support, would prevent student loan interest rates from increasing on July 1st.

Now, thanks to Brownley and her fellow Democrats, students across the country could see a rise in their rates. Brownley owes an explanation to the many hard-working students in California whose rates are at risk because of her own intransigence. It’s time she put aside her allegiance to Nancy Pelosi and her liberal agenda and start supporting common-sense legislation like this.
 “It’s not surprising that Julia Brownley chose to put politics over a bill to prevent student loan rate hikes,” said NRCC Communications Director Andrea Bozek. “California voters deserve an explanation as to why she would vote against a common-sense bill that garnered bipartisan support.”

Julia Brownley Voted To Allow Student Loan Interest Rates To Increase. (H.R. 1911, Roll Call Vote 183, 221-198, 5/23/13)

Today’s Bill Prevents Interest Rates From Doubling On Millions Of Student Loan Borrowers And Removes Politicians From Setting Student Loan Rates, Which President Obama Has Requested. “The House Republicans' proposal would tie loan rates to the interest rate on a 10-year Treasury note, plus 2.5%, with a cap that would prevent the interest rate on Stafford loans from rising above 8.5%.” (Susan Davis, “House Begins Effort To Head Off Student Loan Increase,” USA Today, 5/22/13)
Via press release

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