“Starting families later, not being able to buy a home, not starting a business, it’s all kind of the same reason: less money at the end of every month to do it because so much of it’s going out the door to student loan payments.”
- Rep. Eric Swalwell
Rep. Swalwell doesn’t just talk.
He’s following it up in Washington.
- Rep. Swalwell and Rep. Scott Peters, 57, (D-San Diego) have introduced legislation to let public and private colleges and universities compete for Small Business Administration grants to build business incubators on campus so students can get practical experience running a business.
- Another bill would double the amount of student loan interest people can claim on their taxes from $2,500 to $5,000, and remove the cap on how much they can earn to qualify.
- Other legislation would increase Pell grant awards, allow student loans to be refinanced like mortgages or fund colleges based on tuition rates.