Washington - Congressman Andy Barr released the following statement after passage of H.R. 1911, the Smarter Solutions for Students Act. H.R. 1911 would move federal student loans from rates arbitrarily set by the government to market-based interest rates as a way of providing more certainty and stability to American students and their families:
"Today I voted to help Americans find greater educational opportunity and give students all across this country greater certainty as they enter the workforce and look for jobs. The Smarter Solutions for Students Act gets the government out of the business of setting interest rates, provides more predictable interest rates to millions of families who borrow money, and puts the focus back on students rather than politics by preventing current rates from doubling on July 1, 2013."