On the recordJuly 24, 2014
Woman, I yield myself such time as I may consume. I am proud to support the legislation that we are considering today, and I applaud my colleagues on both sides of the aisle for coming together to work on this important bill. As we have been hearing, it is critical that we provide our Nation's students with the information they need to make informed decisions about what colleges they should attend and how they should pay for them. I think the authors of this bill did a great service by including a provision to provide students with information about the student loan default rate for the schools they plan to attend. However, I believe that this legislation does not provide the students with the national student loan default rate across all schools, making it harder for them to have an accurate understanding of where their prospective schools stand nationally. I have introduced a simple amendment to provide student loan borrowers with the latest national average default rate for all schools. If this amendment passes, all students, as they are applying for their student loans, will know what the default rate for student loans is at the schools they are choosing to attend versus the national default rate for student loans. I believe that this will allow students to better determine whether an institution has a record of delivering a quality education that is right for them.…
