David Cicilline on Education
Proponent's Argument for voting Yes:
[Rep. Bishop, R-UT]: In 1996, Congress insisted upon a charter school program in DC. You will hear from both sides of the aisle recognition of the great value that that program has, and justifiably so. There is a waiting list in DC for those charter schools. This bill increases the percentage of funding going to charter schools in the District. In 2003, an Opportunity Scholarship was instituted, at the insistence of Congress. Again, there was a waiting list of people wanting the opportunity; disadvantaged kids who wanted the opportunity that this scholarship afforded them. There were 216 kids at the time scheduled to enter the program who were not allowed; the bill remedies that.
Opponent's Argument for voting No:
[Rep. Hastings, D-FL]: In the last 41 years voters have rejected private school vouchers every time they have been proposed. In 1981, 89% of the people in a referendum in DC voted against vouchers. So how dare we come here to tell these people that we are going to thrust upon them something they don't want without a single public official in this community being consulted. Congress' oversight of the District is not an excuse for political pandering to the Republicans' special interest of the day du jour.
Congressional Summary:Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015. Replaces the [termination date of] 2013 with 2015.
Proponent's argument for bill:(US PIRG press release): The Student Loan Affordability Act keeps interest rates affordable for students over the next two years. If Congress fails to act by July 1, interest rates on federal Subsidized Stafford Loans will double from 3.4% to 6.8%. That would hike the cost of college by $1,000 per student, per loan, for over 7 million students across the country. The bill pays for extending the current interest rates through 2015 by closing three non-education tax loopholes.
Opponent's argument against bill:(Rep. Tom Cotton, R-AR): Unfortunately, too many students today struggle for years to repay their loans because Washington politicians dictate student-loan rates and end up hurting students and taxpayers alike. It's causing tuition costs to skyrocket, leaving students buried in debt, often without jobs, and forced to delay buying a home and starting a family. As students struggle to repay their loans--regardless of the interest rate--taxpayers are on the hook for a $100 billion bailout--a burden hard-working Arkansans shouldn't have to bear. A better path is to let Arkansas's hometown banks work with students and families to finance higher education, just as they do with homes, farms, businesses, and other loans. I'm committed to bringing affordable higher education to every Arkansan and ending the federal-government monopoly on the student-lending business.
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Newly-elected Democrats taking office Jan.2017:
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