"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 work we do here today has direct consequences on your lives and futures. I hope all my colleagues will keep today's hearing grounded in our most important priority: supporting your success and pur..."
"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 cost of college keeps rising out of control."
"We all know that a college degree is the surest pathway to economic mobility."
"Where were you when we bailed out the airlines, the automobiles, the State governments, the local governments?"
"Let us help our children. Let us help the hard-working people who are making a difference, and who deserve our support, and who will help our economy, and our economy will prosper."
"The declining value of the Pell Grant, the bedrock of our financial aid system, has also increased the burden for students and families."
"In 1975, the Pell Grant covered nearly 80 percent of the average cost of tuition room and board at a public 4 year university."
"Thankfully, in response, the Biden Harris administration has taken historic steps to provide borrowers with a clear path to repayment, and protect students, families and taxpayers."
"The cost of attending college today has more than tripled what it cost to attend college in 1980."