On the recordSeptember 5, 2018
This proposal will make sure students are warned about third-party debt relief companies that prey on borrowers. They frequently provide inaccurate or misleading information and often charge excessive fees for services that can be received without cost through federally contracted student loan servicers. As my friend said, Federal student loan servicers employ dedicated professionals equipped to help borrowers navigate the loan repayment process and provide the assistance they need free of charge. This amendment will ensure borrowers are armed with the information they need to better protect their finances and help make wise decisions as they begin to repay their Federal student loans. I thank my friend from Washington for offering this amendment, and I urge my colleagues to support it and the underlying bill. Madam Chair, I yield back the balance of my time.
