House Proceeding 04-30-09 on Apr 30th, 2009 :: 0:29:15 to 0:30:40
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0:29:13 to 0:29:34( Edit History Discussion )

John J. Jr.Duncan: has resulted in many thousands and thousands of college graduates graduating from college or even before graduation encuring huge, huge debts. when you add credicard debts on top of that, now the average graduating college student has a combined credit card and student

0:29:15 to 0:30:40( Edit History Discussion )
Speech By: John J. Jr.Duncan

0:29:35 to 0:29:56( Edit History Discussion )

John J. Jr.Duncan: loan debt of $20,402, many, many thousands have much, much more than that. i think this amendment, some of what my friend, the gentleman from alabama, has discussed don't really pertain specific amendment that ms. slaughter and i have done. this amendment applies only to full-time, traditional aged college students defined as

0:29:57 to 0:30:17( Edit History Discussion )

John J. Jr.Duncan: full-time -- as a full-time student in the issu of higher education who has not yet reached the age of 21. this amendment does not apply to anyone over the age of 21. i think it's a very reasonable amendment and a very minimal limitation or restr credit cards. some universities, many universities across this country have entered into deals with credit card companies and now

0:30:18 to 0:30:39( Edit History Discussion )

John J. Jr.Duncan: they are not only encouraging students to incur huge student loan debts, they are encouraging students to incur credit card debts. i think this amendment is -- will send a message to parents and college students that they at least need to think about -- we passed a resolution a couple days ago encouraging a financial literacy program recognizing the

0:30:40 to 0:30:41( Edit History Discussion )

John J. Jr.Duncan: fact that many people don't have