WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.) released the following statement today regarding his support for the bipartisan student loan interest rate proposal. Negotiations have been ongoing in the Senate to reverse a hike on interest rates for new federally subsidized undergraduate student loans that went into effect July 1st. These subsidized undergraduate Stafford loans account for roughly 40 percent of all federal student loans.

"It is well past time for Congress and the President to pass a student loan policy that provides certainty and reflects the long-term financial planning students and families undertake to pay for higher education. Education is often a family’s most important investment and ought not be complicated by short-sighted Washington politics.

"In the interest of both students and taxpayers, I will support the bipartisan agreement in the Senate to permanently address interest rate levels for all federal student loans, and am pleased it appears it will be signed into law before many students return to school later this summer."

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