Click below for video:
Following his successful efforts in 2012 to pass a one-year fix to keep student loan rates from doubling from 3.4 to 6.8%, Joe Courtney was again on the forefront of the fight in 2013 when he led the House charge to not only stop the increase, but also to find a longer term solution to avoid the annual fight over loan rates.
His bill, the Student Loan Relief Act (HR 1595), received the support of over 170 Members and again increased pressure on Congress to act. Courtney was then tapped to help reach across the aisle to build support for a bipartisan compromise, the Bipartisan Student Loan Certainty Act, which he helped pass and was on hand with five other bi-partisan co-sponsors to see signed into law at the White House on August 9, 2013. For the 2013-2014 school year, the reduction in interest rates saved the average borrower approximately $1,000 over the life of the loan.
The Norwich Bulletin praised Joe’s work to pass a “balanced and reasonable plan,” saying that Joe “has long championed lower student loan interest rates.”
As an advocate for accessible and affordable education, Joe helped to craft historic new investments in higher education affordability by ending private student loan subsidies and increasing access to Pell Grants. He also supported a bipartisan compromise to modernize workforce training programs to prepare Connecticut workers for high-skilled and in-demand job.
October 6th, 2014