High school graduation is a special occasion for students, celebrating their hard-work and success. I recently gave the commencement speech at James Logan High School in Union City and saw hundreds of bright young students ready to make their mark on the world. For many, the next step is higher education. But, the sheer cost of today’s college education can be daunting and worrisome for students and their families.
I understand what many of these young students are experiencing; I was the first person in my family to attend college, and my hard-working parents could not afford the cost. I relied on student loans to put me through college and law school, and am still paying them off today.
Unless we act now, student loan debt will continue to burden students as they are working to transition to a job, buy a house, start a business, or get married. That is why I cosponsored H.R. 4582, the Bank on Students Emergency Loan Refinancing Act. This bill would give students the opportunity to refinance their student loan debt at the same low rate being offered currently to new borrowers. College affordability benefits the entire country, and we must fight to ensure that a college education is within reach.
As always, it is an honor to represent you in the U.S. Congress. Visit my website or contact my East Bay offices at 510-370-3322 or 925-460-5100 if we can be of service in any way. To stay connected, join me on Twitter @RepSwalwell, Facebook, and, if you have not done so already, please sign up to continue receiving my e-newsletter.