Certainty for Utah Students

Congressman Jim Matheson
2013-08-07 16:44:38
Dear Friend, For the past few months we have talked at length about the importance of higher education and the role of the federal government in keeping student loan rates low to help make college a reality.�� This is an especially important discussion to have because, nearly 75% of Utah students and families depend on a combination of loans, grants and work study opportunities to make ends meet.� I have been committed to raise awareness and work toward thoughtful legislation that offers a long-term solution to higher education financing and represents an honest, bipartisan discussion. You are probably aware that on July 1 of this year, student loan rates were set to double � from 3.4 percent to 6.8 percent � unless Congress agreed upon a solution.� Though the original date passed without legislative action, this week a retroactive bill was voted on, and passed, in the House of Representatives to keep rates low and provide long-term security.� The Student Loan Certainty Act of 2013, H.R. 1911, passed the House and is a compromise that we received from the United States Senate, where it was approved 81-18, and which will now go to the President for his signature.� The final bill is not perfect, but it does represent a thoughtful, measured debate on how best to stabilize loan rates and make the process transparent, predictable and fair for students and their families.� The ultimate legislation reflects priorities and concessions of both parties and makes changes both from existing policy as well as from the bill that had been previously approved by the House of Representatives.� Specifically, the Student Loan Certainty Act provides a fixed rate for students, or their parents, for the life of their loan.� This means that when the loan is first initiated, the rate will not change during school years or repayment.� This particular measure affords certainty and the ability to plan for students and families, and its inclusion in this bill was critical to earning my support. � I am honored to serve on behalf of Utah families like yours. As your representative, I always appreciate hearing from you on current topics and issues affecting you and our community.� Please let me know [link 2] areas you find especially interesting or where I can provide you with additional information.� I value your ideas and look forward to hearing from you. Sincerely, Jim Matheson U.S. Representative 4th District of Utah
August 07, 2013

Dear Friend,

For the past few months we have talked at length about the importance of higher education and the role of the federal government in keeping student loan rates low to help make college a reality.   This is an especially important discussion to have because, nearly 75% of Utah students and families depend on a combination of loans, grants and work study opportunities to make ends meet.  I have been committed to raise awareness and work toward thoughtful legislation that offers a long-term solution to higher education financing and represents an honest, bipartisan discussion.

You are probably aware that on July 1 of this year, student loan rates were set to double � from 3.4 percent to 6.8 percent � unless Congress agreed upon a solution.  Though the original date passed without legislative action, this week a retroactive bill was voted on, and passed, in the House of Representatives to keep rates low and provide long-term security.  The , passed the House and is a compromise that we received from the United States Senate, where it was approved 81-18, and which will now go to the President for his signature. 

The final bill is not perfect, but it does represent a thoughtful, measured debate on how best to stabilize loan rates and make the process transparent, predictable and fair for students and their families.  The ultimate legislation reflects priorities and concessions of both parties and makes changes both from existing policy as well as from the bill that had been previously approved by the House of Representatives. 

Specifically, the Student Loan Certainty Act provides a fixed rate for students, or their parents, for the life of their loan.  This means that when the loan is first initiated, the rate will not change during school years or repayment.  This particular measure affords certainty and the ability to plan for students and families, and its inclusion in this bill was critical to earning my support.  

I am honored to serve on behalf of Utah families like yours. As your representative, I always appreciate hearing from you on current topics and issues affecting you and our community.  Please let me know areas you find especially interesting or where I can provide you with additional information.  I value your ideas and look forward to hearing from you.


Sincerely,

U.S. Representative
4th District of Utah
 

Creating Certainty for Students

*By answering this survey, you are subscribing to my newsletter

Twitter Facebook Youtube

Tell a Friend



Washington, DC Office
2211 Rayburn HOB
Washington, DC 20515
Phone - (202) 225-3011
Fax - (202) 225-5638
Utah District Office
9067 South 1300 West Suite 101
West Jordan, UT 84088
Phone - (801) 486-1236
Fax - (801) 486-1417