Washington, DC – DNC Chair Rep. Debbie Wasserman Schultz released the following statement on the GOP blocking the Bank on Students bill in the U.S. Senate:

“Bank on Students is an important piece of legislation for borrowers everywhere. This common sense legislation would have allowed Americans to refinance their student loans. For young people just getting their start in the workforce, this was a measure that could have made a real difference. Instead, Republicans chose to block it for a second time, siding with those who have the most, over America's students.

“While Republicans scratch their heads, wondering why young people reject them on issue after issue, this is yet another sign that the problem isn't a lack of outreach—it's their core message and principles. While Democrats stand for a fair shot for all Americans, Republicans continue to stand in the way of progress. This isn't over, and Democrats will continue the fight to ensure that every American has access to a quality, affordable education. In the meantime, it continues to be clear which party stands with young Americans.”