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Juan Vargas on Education

 

  
 


Sponsored 10/10 Loan Forgiveness: cancel college loans after 10 years.

Vargas co-sponsored Student Loan Fairness Act

Congressional Summary:Student Loan Fairness Act:

Opponent's argument against bill: (Blog post on voices.yahoo.com, "Why I'm Against the Student Loan Fairness Act"): The two key points to this bill are:

  1. The 10-10 plan: Where an individual would be required to make ten years of payments at 10% of their discretionary income, after which their remaining federal student loan debt would be forgiven.
  2. Cap federal interest rates at 3.4% and allowing existing borrowers whose educational loan debt exceeds their income to convert their private loan debt into federal Direct Loans.
    Source: H.R.1330 13-H1330 on Mar 21, 2013

    Sponsored extending subsidized federal student loan rates until 2015.

    Vargas co-sponsored Student Loan Affordability Act

    Congressional Summary:Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015. Replaces the [termination date of] 2013 with 2015.

    Proponent's argument for bill:(US PIRG press release): The Student Loan Affordability Act keeps interest rates affordable for students over the next two years. If Congress fails to act by July 1, interest rates on federal Subsidized Stafford Loans will double from 3.4% to 6.8%. That would hike the cost of college by $1,000 per student, per loan, for over 7 million students across the country. The bill pays for extending the current interest rates through 2015 by closing three non-education tax loopholes.

    Opponent's argument against bill:(Rep. Tom Cotton, R-AR): Unfortunately, too many students today struggle for years to repay their loans because Washington politicians dictate student-loan rates and end up hurting students and taxpayers alike. It's causing tuition costs to skyrocket, leaving students buried in debt, often without jobs, and forced to delay buying a home and starting a family. As students struggle to repay their loans--regardless of the interest rate--taxpayers are on the hook for a $100 billion bailout--a burden hard-working Arkansans shouldn't have to bear. A better path is to let Arkansas's hometown banks work with students and families to finance higher education, just as they do with homes, farms, businesses, and other loans. I'm committed to bringing affordable higher education to every Arkansan and ending the federal-government monopoly on the student-lending business.

    Source: S.707 / H.R.1433 13-H1433 on Apr 11, 2013

    2012 Governor, House and Senate candidates on Education: Juan Vargas on other issues:
    CA Gubernatorial:
    Antonio Villaraigosa
    Eric Garcetti
    Hilda Solis
    Jerry Brown
    Jerry Sanders
    Neel Kashkari
    CA Senatorial:
    Dianne Feinstein

    Newly-elected Democrats taking office Jan.2015:
    AZ-7: Rep.-Elect Ruben Gallego
    CA-11:Rep.-Elect Mark DeSaulnier
    CA-31:Rep.-Elect Pete Aguilar(R⇒D)
    CA-33:Rep.-Elect Ted Lieu
    CA-35:Rep.-Elect Norma Torres
    FL-2: Rep.-Elect Gwen Graham(R⇒D)
    HI-1: Rep.-Elect Mark Takai
    MA-6: Rep.-Elect Seth Moulton
    MI-12:Rep.-Elect Debbie Dingell
    MI-14:Rep.-Elect Brenda Lawrence
    NE-2: Rep.-Elect Brad Ashford(R⇒D)
    NJ-12:Rep.-Elect Bonnie Coleman
    NY-4: Rep.-Elect Kathleen Rice
    PA-13:Rep.-Elect Brendan Boyle
    VA-8: Rep.-Elect Donald Beyer
    Seated in special elections 2013-2014:
    AL-1: Bradley Byrne(R)
    FL-13:David Jolly(R)
    FL-19:Curt Clawson(R)
    IL-2: Robin Kelly(D)
    LA-5: Vance McAllister(R)
    MA-5: Katherine Clark(D)
    MO-8: Jason Smith(R)
    NC-12:Alma Adams(D)
    NJ-1: Donald Norcross(D)
    SC-1: Mark Sanford(R)
    VA-7: Dave Brat(R)

    Newly-elected Republicans taking office Jan.2015:
    AR-2: Rep.-Elect French Hill
    AR-4: Rep.-Elect Bruce Westerman
    AL-6: Rep.-Elect Gary Palmer
    CA-25:Rep.-Elect Steve Knight
    CA-45:Rep.-Elect Mimi Walters
    CO-4: Rep.-Elect Ken Buck
    FL-26:Rep.-Elect Carlos Curbelo(D⇒R)
    GA-1: Rep.-Elect Buddy Carter
    GA-10:Rep.-Elect Jody Hice
    GA-11:Rep.-Elect Barry Loudermilk
    GA-12:Rep.-Elect Rick Allen(D⇒R)
    IA-1: Rep.-Elect Rod Blum(D⇒R)
    IA-3: Rep.-Elect David Young
    IL-10:Rep.-Elect Robert Dold(D⇒R)
    IL-12:Rep.-Elect Mike Bost(D⇒R)
    More newly-elected Republicans taking office Jan.2015:
    LA-5: Rep.-Elect Ralph Abraham
    LA-6: Rep.-Elect Garret Graves
    ME-2: Rep.-Elect Bruce Poliquin(D⇒R)
    MI-4: Rep.-Elect John Moolenaar
    MI-8: Rep.-Elect Mike Bishop
    MI-11:Rep.-Elect Dave Trott
    MN-6: Rep.-Elect Tom Emmer
    MT-0: Rep.-Elect Ryan Zinke
    NC-6: Rep.-Elect Mark Walker
    NC-7: Rep.-Elect David Rouzer(D⇒R)
    NH-1: Rep.-Elect Frank Guinta(D⇒R)
    NJ-3: Rep.-Elect Tom MacArthur
    NV-4: