releases: http://richmond.house.gov/press-release/rep-richmond-executive-order-making-student-loans-more-affordable
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| http://richmond.house.gov/press-release/rep-richmond-executive-order-making-student-loans-more-affordable | Rep. Richmond on Executive Order Making Student Loans More Affordable | 2014-06-09 | 2014 | 2014-06 | Democrat | House | LA | Cedric Richmond | R000588 | richmond.house.gov | legacy | Washington, DC – Earlier today, President Barack Obama issued an executive order for the Secretary of Education to propose regulations allowing nearly 5 million additional federal student loan borrowers the opportunity to cap their student loan payments at 10 percent of their income. The Presidential Memorandum outlines a series of new criteria intended to support federal student loan borrowers, especially for vulnerable borrowers who may be at greater risk of defaulting on their loans. “Our students are one of the most valuable commodities we have, and providing them the opportunity to pursue affordable higher education is paramount to developing our economy,” said Rep. Richmond (LA-02). "Graduates unrestricted by prohibitive student loan debt are able to save, buy a home, and even start businesses of their own. All of which are beneficial to the financial health of the nation." Rep. Richmond is a co-sponsor to H.R. 4582 the Bank on Students Emergency Loan Refinancing Act, a House companion to S.2292. The bill would allow student loan borrowers to refinance both their federal and private loans down to rates consistent with the Bipartisan Student Loan Certainty Act of 2013, which capped annual interest rates for current undergraduate students beginning with the 2013-2014 school year. ### | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |