Senator Warner to Discuss Student Debt at Mason

Posted: August 29, 2014 at 5:00 am, Last Updated: August 28, 2014 at 1:11 pm

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By Joseph Esposito

Senator Mark Warner

Senator Mark Warner

Sen. Mark R. Warner will visit George Mason University’s Fairfax Campus to informally discuss student debt issues on Thursday, Sept. 4. The meeting will be held in the Back Ballroom in the HUB from 5:15 to 6:30 p.m.

Student debt has become a growing national topic, including at the White House. President Barack Obama announced new initiatives affecting borrowers and lenders in June. Warner also has been engaged in the challenge, introducing three bills: the Dynamic Student Loan Repayment Act, the Student Right to Know Before You Go Act and the Employer Participation Refinancing Act.

“Having paid for his own undergraduate education with student loans, Senator Warner knows firsthand the financial challenges facing those who seek higher education,” his office reports.

Earlier this year Warner underscored the magnitude of the program for Americans and the economy, saying, “Right now, America has $1.1 trillion of student debt. That’s more than credit card debt”—itself a serious national concern.

Although 42 percent of Mason students graduate debt-free, and the two-year student loan average default rate ranks well below the national average, student loans remain a challenge for many. Helping to address this issue aligns with George Mason’s goal to expand accessibility as an integral part of its core values.

The senator has been discussing the problem with college students around the commonwealth, and his visit to Mason will provide students with an opportunity to present their stories and also to hear about his proposed solutions and the changes that the Obama administration hopes to initiate.

Students can RSVP for the conversation at www.markwarnerva.com/student-debt/george-mason.

Write to Colleen Kearney Rich at ckearney@gmu.edu

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