Press Release
Posted:
Davis – On Wednesday, Rep. Mike Thompson (CA-04) and Democratic Caucus Chair Pete Aguilar (CA-33) hosted a town hall for students on campus at UC Davis. The town hall provided students with a chance to ask questions about the issues that mattered the most to them including affordability, and student loans.
“The burden of student debt is crushing our young people. Students shouldn’t have to choose between getting an education and being able to afford rent, groceries, or a future,” said Thompson. “I recently introduced the Lowering Student Loans Act to address this directly by capping student loan interest rates at 2 percent. We must make it affordable to get an education and easier to pay off student loans.”
“Thank you to all the students that attended Wednesday’s event. Our country is facing challenging times and one of the best remedies are rooms full of young people who are engaged, informed, and are ready to hold their leaders accountable.”
Affordability Issues
Rep. Thompson knows that Californians are paying $1,900 more per year in higher prices because of the President’s trade war, which is why he introduced H.R. 6900 the American Affordability Act. This act would reduce the tax burden on student loan forgiveness and expand education tax credits to cover more years of college and workforce training. It would also lower rent, cut energy bills, make childcare cheaper, make healthcare more accessible, and put more money back into Americans wallets.
Student Loans
Rep. Thompson has introduced H.R.7820 the “Lowering Student Loans Act” which would cap student loan interest rates at 2 percent. He has also been a consistent opponent of the Trump Administrations cut to research funding which supports university across the country including UC Davis. Rep. Thompson will continue fighting to improve the lives of students in Davis, California and across the country.