Kanjorski's statements about the college student loan vote:
"Currently, students have the option to choose between private and public lenders, and I am a firm believer that such choice and competition among lenders is the best proven method for reducing costs and improving services. By omitting private lenders, we would create a monopoly within the federal government regarding student loans.
"Additionally, in April, I joined Sallie Mae CEO AL Lord to announce the return of 600 jobs from overseas to Sallie Mae's lending facility in Hanover Industrial Park, almost doubling the number of employees at Sallie Mae in the region, and I will continue to work to enhance employment in the area. If this legislation is enacted, Sallie Mae would no longer originate loans which would greatly impact the company, and could cause the loss of jobs. Since I joined Congress, I have worked first and foremost to create jobs in Northeastern Pennsylvania. Especially in these difficult economic times, we must work to ensure that the jobs we have stay in the area and that more jobs are created.
"I agree with the intent of H.R. 3221 to allow as many students as possible to go to college, while also investing in community colleges, but I do not believe that this bill was the correct method to accomplish these goals."
Obama's statements on the same issue:
"These are reforms that have been talked about for years, but they're always blocked by special interests and their lobbyists," Obama said Thursday during a rally at the University of Maryland.
"Well, because you voted for change in November, we're going to bring change in the House of Representatives today," the president said.
Ending loan subsidies and turning control over to the government would save taxpayers an estimated $87 billion, according to the Congressional Budget Office. Lawmakers would use that money to help make college more affordable, increasing the maximum Pell Grant by $1,400 to $6,900 over the next decade.
"The choice before us is clear. We can either keep sending these subsidies to banks or we can start sending them directly to students," said the bill's sponsor, California Democratic Rep. George Miller, chairman of the House Education and Labor Committee.
Contributions From Sallie Mae to Paul Kanjorski From FEC data
----------------------------------------Image Number
SALLIE MAE INC. PAC 05/04/2007 1000.00 27990160450
SALLIE MAE INC. PAC 06/04/2007 1000.00 27990333881
SALLIE MAE INC. PAC 12/13/2007 1000.00 28930265405
SALLIE MAE INC. PAC 03/12/2008 2000.00 28931216997
SALLIE MAE INC. PAC 03/19/2008 -1000.00 28931216997
SALLIE MAE INC. PAC 03/20/2008 1000.00 28931216998
SALLIE MAE INC. PAC 04/02/2008 1000.00 28991027207
SALLIE MAE INC. PAC 06/12/2008 2500.00 28932276018
SALLIE MAE INC. PAC 07/25/2008 1500.00 28991877254
SALLIE MAE INC. PAC 03/18/2009 2500.00 29991987857
SALLIE MAE INC. PAC 05/26/2009 1000.00 29992255854
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