While tuition costs have been rising dramatically, John Kline has been voting to make it harder for students to go to college.
Kline Voted to Cut Student Aid. In 2005, John Kline voted to cut $15.3 billion from student loans over five years, which increased interest rates paid on future loans and lending fees to students. (HR 4241, Vote #601, 11/18/2005)
Kline Voted Again to Cut Student Aid. Again in 2005, John Kline voted to cut $12.7 billion from student loan programs. Again, it increased fees for students, increased the rates on parent loans, and wiped out funds used to carry and administer student aid programs. (S 1932, Vote #670, 12/19/2005)
Kline Kept Voting to Cut Student Aid. Once again – in 2006 – John Kline voted to cut $12.7 billion from student loan programs. He voted for higher interest rates, greater lending fees for borrowers, and to eliminate funds to administer student aid programs. (HRS 653, Vote #4, 2/1/2006)
Kline Voted Against Cutting Interest Rates on Student Loans. In 2007, John Kline voted against lowering interest rates for student borrowing, a program that would have gradually lowered the rate for new loans from 6.8 percent to 3.4 percent. (HR 5, Vote #32, 1/17/2007)
Kline Voted Against Closing the Lender Loophole. In 2005, John Kline voted against closing a loophole in the student lending program that allowed certain lenders to pocket billions of dollars in excess profits at the expense of both taxpayers and students. Lenders had been guaranteed a rate of 9.5 percent by the government during a high-interest year, but when the market rate fell, their rate should have, too. Instead, lenders have been collecting billions of dollars in excess profits, siphoning dollars away from the government and students. (HR 3010, Vote #316, 6/24/2005)
College Tuition Costs Have Skyrocketed Under Kline. College tuitions have increased on average by 76 percent at public four-year institutions over the last decade. Private four-year institutions have seen an average increase of 62 percent. While the average cost of college tuition has risen more than 65% over the past decade, median family income has risen by only 5 percent. [Source: American Council on Education]