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Congresswoman Speier to Address Student Loan Debt Crisis

October 7, 2014
Press Release

October 7, 2014

SAN MATEO, CA - Congresswoman Jackie Speier (D-San Francisco/San Mateo counties), San Francisco State University students and SFSU President Leslie Wong will talk about the crushing impact of debt on college students on Wednesday, October 8, 2014 at 11:00 am in the university’s Student Services Building lobby.

“One of the saddest things I’ve had a student tell me was that the worst mistake she ever made was go to college,” Speier said. “We can’t accept a system that leaves college graduates with an average of $29,400 in debt. It hurts their ability to start an independent life and our nation’s ability to stay competitive in a global market. In short, it hurts America’s future.”

Nationally, student debt now tops $1.2 trillion, more than credit card and car debt combined. Students at San Francisco State University fare better with an average student loan debt at graduation of just under $20,500.

Speier is a cosponsor of H.R. 1979, the House companion of Senator Elizabeth Warren’s (D-MA) Student Loan Interest Deduction Fairness Act, which would allow eligible borrowers to refinance their student loans.

Speier will also introduce legislation this fall that will strengthen the accountability standards for Pell Grants, GI Bill benefits, and Department of Defense education benefit programs in order to protect students and taxpayer from bad actors in the for-profit college sector.

Before the press conference, Congresswoman Speier will privately meet with SFSU students to hear from them directly about the impact of student loan debt.

Who:   
Congresswoman Jackie Speier
SFSU President Leslie Wong
Member of the SFSU student body

What:  
Press Conference

When: 
Wednesday, October 8, 2014, 11:00 -11:30 a.m.

Where:
San Francisco State University
Student Services Building, lobby