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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
    CA Senatorial:
    Barbara Boxer
    Dianne Feinstein



    Lame-duck session 2012:
    KY-4: Thomas Massie(R)
    MI-11:Dave Curson(D)
    NJ-9: Donald Payne Jr.(D)
    WA-1: Suzan DelBene(D)

    Re-seated Former Reps:
    AZ-1: Ann Kirkpatrick(D)
    AZ-5: Matt Salmon(R)
    FL-8: Alan Grayson(D)
    IL-11:Bill Foster(D)
    NH-1: Carol Shea-Porter(D)
    NV-3: Dina Titus(D)
    NY-24:Dan Maffei(D)
    TX-36:Steve Stockman(R)

    2013 Resignations and Replacements:
    AL-1:Jo Bonner(R,resigned)
    AL-1:Bradley Byrne(R,Dec.2013)
    IL-2:Jesse Louis Jackson(D,resigned)
    IL-2:Robin Kelly(D)
    MA-5:Ed Markey(D,to Senate)
    MA-5:Katherine Clark(D,Dec.2013)
    MO-8:Jo Ann Emerson(R,resigned)
    MO-8:Jason Smith(R,elected June 2013)
    SC-1:Tim Scott(R,resigned)
    SC-1:Mark Sanford(R)
    SC-1:Elizabeth Colbert-Busch(D)
    Newly-elected Democrats:
    AZ-9: Kyrsten Sinema
    CA-2: Jared Huffman
    CA-7: Ami Bera
    CA-15:Eric Swalwell
    CA-24:Julia Brownley
    CA-29:Tony Cardenas
    CA-35:Gloria Negrete McLeod
    CA-36:Raul Ruiz
    CA-41:Mark Takano
    CA-47:Alan Lowenthal
    CA-51:Juan Vargas
    CA-52:Scott Peters
    CT-5: Elizabeth Esty
    FL-18:Patrick Murphy
    FL-22:Lois Frankel
    FL-26:Joe Garcia
    HI-2: Tulsi Gabbard
    IL-8: Tammy Duckworth
    IL-10:Brad Schneider
    IL-12:Bill Enyart
    IL-17:Cheri Bustos
    MD-6: John Delaney
    MA-4: Joe Kennedy III
    MI-5: Dan Kildee
    MN-8: Rick Nolan
    NV-4: Steven Horsford
    NH-2: Annie Kuster
    NM-1: Michelle Lujan-Grisham
    NY-5: Grace Meng
    NY-10:Hakeem Jeffries
    NY-18:Sean Maloney
    OH-10:Joyce Beatty
    PA-17:Matt Cartwright
    TX-16:Beto O`Rourke
    TX-20:Joaquin Castro
    TX-23:Pete Gallego
    TX-33:Marc Veasey
    TX-34:Filemon Vela
    WA-6: Derek Kilmer
    WA-10:Denny Heck
    WI-2: Mark Pocan
    Newly-elected Republicans:
    AR-4: Tom Cotton
    CA-1: Doug LaMalfa
    CA-21:David Valadao
    CA-41:Paul Cook
    FL-3: Ted Yoho
    FL-6: Ron DeSantis
    FL-19:Trey Radel
    GA-9: Doug Collins
    IL-15:Rodney Davis
    IN-2: Jackie Walorski
    IN-5: Susan Brooks
    IN-6: Luke Messer
    KY-6: Andy Barr
    MI-11:Kerry Bentivolio
    MO-2: Ann Wagner
    MT-0: Steve Daines
    NY-26:Chris Collins
    NC-8: Richard Hudson
    NC-9: Robert Pittenger
    NC-11:Mark Meadows
    NC-13:George Holding
    ND-0: Kevin Cramer
    OH-2: Brad Wenstrup
    OH-14:Dave Joyce
    OK-1: Jim Bridenstine
    OK-2: Markwayne Mullin
    PA-4: Scott Perry
    PA-12:Keith Rothfus
    SC-7: Tom Rice
    TX-14:Randy Weber
    TX-25:Roger Williams
    UT-2: Chris Stewart
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    Page last updated: Jan 03, 2014