{"database": "press", "table": "releases", "rows": [["http://grijalva.house.gov/index.cfm?sectionid=13&itemid=1524", "Grijalva Calls on Republicans to Support Bill That Keeps Student Loan Rate at 3.4 Percent, Stop Pushing Alternatives That Won't Pass", "2013-07-01", "2013", "2013-07", "Democrat", "House", "AZ", "Ra\u00fal Grijalva", "G000551", "grijalva.house.gov", null, null, "legacy", "Tucson, Ariz.\u00a0\u2013 Rep. Ra\u00fal M. Grijalva today called on House and Senate Republicans to support the Keep Student Loans Affordable Act (H.R. 2574), which maintains the 3.4 percent interest rate on subsidized Federal Direct Stafford Loans that existed until this morning. The new rate of 6.8 percent will mean an estimated additional $2,600 in costs for approximately 7 million students, according to the Congressional Joint Economic Committee.\r\n\r\n\tGrijalva is supporting an effort to file a discharge petition on the bill, which would force Speaker of the House John Boehner to schedule a vote on it. A discharge petition needs 218 signatures, a bare majority of the House, to be successful. Even 2012 Republican presidential candidate Mitt Romney supported extending the 3.4 percent rate for another year, Grijalva pointed out.\r\n\r\n\t\u201cThis was never meant to be controversial or get mired in politics,\u201d Grijalva said. \u201cThis is about preventing financial hardship for students all over the country. They\u2019re going to school, just as we tell them they should, and don\u2019t need us to inflict any extra financial hardships on them now. We have a solution in our hands, and no purpose is served by playing games with this.\u201d\r\n\r\n\tGrijalva has already signed the discharge petition and indicated his support for H.R. 2574, which would set the interest rate for any subsidized Stafford loan made between July 1, 2013 and June 30, 2014 at 3.4 percent.\r\n\r\n\tThe House passed a Republican bill earlier this year that would greatly increase costs for families over time, according to the non-partisan Congressional Research Service. As the Associated Press reported in May:\r\n\r\n\tStudents who max out their subsidized Stafford loans over four years would pay $8,331 in interest payments under the Republican bill, and $3,450 if rates were kept at 3.4 percent. If rates were allowed to double in July, that amount would be $7,284 over the typical 10-year window to repay the maximum $19,000. [. . .] For students who borrow the maximum subsidized and unsubsidized Stafford loans, they would pay $12,374 in interest under the Republican bill. The interest charges would be $10,867 if subsidized loans were allowed to double in July, or $7,033 if rates stay the same. The maximum available in subsidized and unsubsidized amounts is $27,000.\r\n\r\n\t\u201cWe\u2019re not saving taxpayers money by charging students more,\u201d Grijalva said. \u201cWe\u2019re just making it harder for families and students to figure out how to afford college. If Republicans think no one\u2019s paying attention to how this is going down, they\u2019re in for a very rude awakening.\u201d", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["http://grijalva.house.gov/index.cfm?sectionid=13&itemid=1524"], "units": {}, "query_ms": 1.019899733364582, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}