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John Cornyn: “Students who start college this year will see their share of…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

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Floor Statement The Impact of President's Proposed Budget on Future Generations

Published | Video Starts at 08:43

And the congressional Budget Office said the size of the national debt as a percentage of the economy will become the highest since the years after World War II. So these Students who start college this year will see their share of the national debt grow from $19,000 per student to more than $36,000 per student after graduation from a four-year program by 2019. their share of the debt will grow to more than $55,000 per person. Can you imagine with the money they have to borrow to fund their education with their credit card debt. (08:43–09:05)

CLAIM

Asserts that the per-student share of the national debt will increase significantly by 2019.

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