John Kline Quotes
We simply can't keep providing money from the federal government in the form of subsidized or actual loans and Pell Grants when we don't have the money.
Kline, John. Interview on Higher Education Funding. The Chronicle of Higher Education, 2011.
What made the situation worse at the time that the same big banks who got government bailouts to prevent failure and received the 0.75 percent rate, turned around and lent the money to the students not only charging them 9 times what they paid for the money, but also getting a government guarantee that the loans would be repaid and/or government prohibition of students going bankrupt and discharging their debt like any other American in financial difficulty. So the banks made huge profits and yet took no risk—a strange notion in capitalism.
John Paul Kline Jr. is an American politician who served as a member of the United States House of Representatives from Minnesota's 2nd congressional district from 2003 to 2017. The district includes most of the southern suburbs of the Twin Cities, including Apple Valley, Inver Grove Heights, Burnsville, Eagan, Lakeville, Northfield, Shakopee, Prior Lake, and New Prague. A member of the Republican Party, Kline served as the Chairman of the House Committee on Education and the Workforce. Kline retired from Congress at the end of his term in January 2017.