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Student Loan Sunshine Act

Floor Speech

Date: May 14, 2007
Location: Washington, DC
Issues: Finance and Banking Higher Education


STUDENT LOAN SUNSHINE ACT -- (Extensions of Remarks - May 14, 2007)

* Ms. WASSERMAN SCHULTZ. Mr. Speaker, the most important goal of the Student Loan Sunshine Act is to protect students and parents and help them receive the most affordable loan possible. With that in mind, I would like to mention that recently, a number of my colleagues and I sent a letter to Secretary Spellings regarding the urgent need to reopen the national student loan database for students and parents to receive low interest consolidation loans before the rates are changed on July 1st.

* Although, we fully support new and better safeguards to protect student privacy which many student loan companies advocate, it is crucial that both students and lenders have safe and secure access to this information.


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