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Press Release - Sessions: Tying Student Loan Rates to Market Rates is a Common Sense Solution

May 23, 2013

WASHINGTON, DC – U.S. Congressman Pete Sessions (R-TX), Chairman of the House Rules Committee, today released the following statement regarding passage of H.R. 1911, the Smarter Solutions for Students Act of 2013:

“Currently, student loan interest rates are dictated by short-term political fixes, which unnecessarily create volatility in an already complicated market. Today the House approved legislation that will strengthen our federal student loan programs and provide long-term predictability to students, borrowers, and taxpayers.