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Higher Education Community Statement on Student Loan Legislation

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Higher Education Community Statement on Student Loan Legislation

May 15, 2013

As Congress considers legislative action on the federal student loan programs, the higher education community has prepared a statement of key principles critical to the success and reliability of any such program. 

Bills currently are being introduced in both the House and Senate to address the upcoming interest rate increase for subsidized student loans, which is slated to double from 3.4 percent to 6.8 percent July 1, 2013.The statement was sent to Reps. John Kline and Virginia Foxx (R-NC) of the House Committee on Education and the Workforce, who have introduced a bill entitled the Smarter Solutions for Students Act (H.R. 1911). 

Along with ACE, associations endorsing the statement include:

  • American Association of Community Colleges
  • American Association of Collegiate Registrars and Admissions Officers
  • American Association of State Colleges and Universities
  • American Indian Higher Education Consortium
  • Association of American Universities
  • Association of Jesuit Colleges and Universities
  • Association of Public and Land-grant Universities
  • Council for Christian Colleges & Universities
  • Council of Graduate Schools
  • Hispanic Association of Colleges and Universities
  • National Association for Equal Opportunity in Higher Education
  • National Association of College and University Business Officers
  • National Association of Independent Colleges and Universities
  • National Association of Student Financial Aid Administrators

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