Senator Lamar Alexander gives the Republican Weekly Address

Senator Alexander from Tennessee delivered the Republican weekly address where he focused on education reform. Alexander is the ranking Republican on the Senate Committee on Education and Policy. In his address he acknowledged that both Republicans and Democrats agree that college is essential to be part of the middle class, and that they need to work on affordable school loan reform. His idea is to allow the market to set interest rates, saying this is “fairer” to students and tax payers. Alexander stated,

“Some Senate Democrats want a short-term political fix that will benefit only forty percent of new student loans, but they stand alone.

Between now and the end of the month, Senate Republicans will work hard with the President and the House to produce an agreement that ensures all student borrowers benefit from today’s low interest rates. That would mean that 100 percent of all new student loans made this year would have a rate below five percent. ”

To read his full address, please visit his site at http://www.alexander.senate.gov/public/index.cfm?p=PressReleases&ContentRecord_id=bc65feda-0687-4132-9875-c1bb592db14c&ContentType_id=778be7e0-0d5a-42b2-9352-09ed63cc4d66&Group_id=80d87631-7c25-4340-a97a-72cccdd8a658