Huffpost Business

46 Members Of Congress Have Student Loan Debt: Report

Posted: Updated:
CONGRESS STUDENT LOANS
Elizabeth Warren, Louie Gohmert and Tammy Duckworth are just a few of the members of Congress who have carried student debt in recent years either for their own education or in the form of loans taken out for their children (AP Photos/Elise Amendola/Harry Hamburg/Cliff Owen) | AP Photos
Print

The new class of Congress is carrying more student debt than ever before, according to an analysis by the Center for Responsive Politics.

Financial disclosure forms for 2011 reveal that dozens of federal lawmakers owe thousands in student debt. According to CRP, the total owed among 22 Democrats and 24 Republicans adds up to between $1.8 million and $4.3 million. The exact amount is unknown because members of Congress are allowed to report debts in ranges, CRP reported.

In the summer of 2012, Sen. Marco Rubio (R-Fla.) made headlines when he revealed he still has his own student debt from his time in law school. The admission was surprising because many members of Congress are millionaires, and voters sometimes see the legislators as disconnected from middle-class struggles like the ever-increasing cost of college.

CRP reports Rubio since paid off his debt, thanks to book sales.

More members of Congress on key education committees are paying back student loans. Sens. Chris Murphy (D-Conn.) and Elizabeth Warren (D-Mass.), who both had student debt, are now members of the Senate Health, Education, Labor & Pensions committee -- up from no members with student debt last year, CRP reports. In Warren's case, it was a loan from Harvard for one of her children, and has since been paid back, according to one of her staff members.

Four members of the House subcommittee on higher education, all Republicans, have student debt to repay.

The 2012 GOP party platform called for an end to the federal student loan program.

In January, a hoax claiming that children of Congress members do not have to repay their loans gained traction on Facebook. However, the disclosures show that at least 13 lawmakers took out either Parent PLUS loans or co-signed student loans for their family members and are still paying them back, CRP reported.

According to the Annenenberg Public Policy Center, some full-time congressional staffers participate in a federal worker repayment program that helps pay down a portion of their debt from school.

President Barack Obama and first lady Michelle Obama have noted that they made student loan payments until 2004.

Last year, Congress passed a one-year extension of the discounted federal student loan interest rate -- keeping the rate at 3.4 percent instead of 6.8 percent. Lawmakers will decide by June 30 if they will further extend the discount. In a letter to Obama issued this month, Congressional Republicans urged the president to work towards a long-term fix, rather than another short extension.

Shortly after the one-year extension was passed, a petition with 1 million signatures was delivered to Congress to ask that student loan debt be forgiven, but the bill outlined by the petition didn't make it very far with legislators.

Check out the slideshow below to see the top 10 student loan debtors in Congress, according to the CRP report:

Close
The 10 Members Of Congress Who Owe The Most In Student Debt As Of 2011 (Plus A Few More)
of
Share
Tweet
Advertisement
Share this
close
Current Slide

CLARIFICATION, 5:29 p.m.: This post has been updated to clarify the data is based on disclosure forms for 2011, the most recent year available. Some of lawmakers have paid off their debt since then.

Around the Web

These Members Of Congress Are Still Up To Their Ears In Student Loan Debt

Members of Congress Feel Student Loan Pain Firsthand

Private Student Loan Debt to be Dischargeable in Bankruptcy Under House Bill

Congress members' kids don't get free ride

These Members Of Congress Are Still Up To Their Ears In Student Loan Debt

Members of Congress Feel Student Loan Pain Firsthand

Private Student Loan Debt to be Dischargeable in Bankruptcy Under House Bill

Student Loan Debt: Some Members of Congress Feel Your Pain Firsthand

46 Members of Congress Owe Money on Student Loans

Congress Should Allow Students to Refinance Their Loans