(Washington, D.C.) – Today, U.S. Senator Patty Murray (D-WA) released the following statement after a bipartisan agreement was reached to prevent interest rates on federally subsidized Stafford Loans from doubling on July 1st. This deal will impact more than 100,000 students across Washington state.
“This is great news for students in Washington state and across America who will be able to continue accessing affordable loans to continue their education when this deal gets signed into law.
“Even though it took until the last minute, I am very glad that Republicans decided to drop their opposition and join Democrats to reach this deal today. This is about helping students afford college, and it should never have been about politics.
“I want to thank the millions of students across the country who made their voices heard at rallies, in letters or calls, on Facebook, or on Twitter. This advocacy was absolutely critical in pushing this deal to come together.
“This deal is a strong step in the right direction, but the costs of higher education continue to rise and we have a lot more to do. So I am going to keep fighting to help make college affordable for middle class families, and I am hopeful that the bipartisan progress we’ve made today can continue.”
Senator Murray spoke on the Senate floor last month in support of the effort to prevent rates from doubling, and shared stories she heard from her constituents at a roundtable discussions in Washington state.
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