SGA Senators have moved to send a resolution which fights against an impending student loan rate increase back down to a committee — delaying any action against the increases.
With loan rates set to double July 1, the UCF College Democrats introduced a resolution during Thursday night’s SGA Senate meeting demanding action. The group planned to move the resolution through two readings in the same night since the deadline for Congress to act is only days away. If action isn’t taken by Congress, rates will double from 3.4% to 6.8%.
The resolution sparked debate among the senators with some arguing that they had not had sufficient time to review the resolution and that rushing it through three readings was not necessary, despite the body doing so earlier during the same meeting on a different bill.
“It’s not really a surprise that Congress failed us as students,” Chelsea Aldrich, Vice President of the College Democrats at UCF, said. “We just didn’t expect SGA to.”
The College Democrats conducted the research for the resolution and not the responsible SGA Senate committee, which was another issue brought up during debate. Some senators argued that the committee responsible for this type of action should have monitored an important student issue such as the spike in subsidized student loan interest rates, and praised the College Democrats for taking the initiative.
The resolution was ultimately passed back to the Governmental Affairs Committee, where it will be reviewed and voted on again—ten days after the Congressional deadline.
