10/05/2021
https://congress.gov...
"The LOAN Act will help improve the lives of student loan borrowers, both now and in the future by making loans cheaper to take out, and easier to pay off."
"The cost of college keeps rising out of control."
"But the Pell Grant could not keep up with the cost of college. So, through the years the student debt crisis grew. And now the crisis has turned into a catastrophe."
"The declining value of the Pell Grant, the bedrock of our financial aid system, has also increased the burden for students and families."