Political Quotes

“The manager's amendment, which I support and encourage my colleagues to support, helps bolster counseling for first-time borrowers, so that they are fully aware of the financing they may be required to use over their entire college education. The manager's amendment also ensures that students needing to borrow a student loan receive counseling before they sign the master promissory note. I am also pleased that this manager's amendment includes my proposal for the Department of Education to do a comprehensive, longitudinal study on the impact and effectiveness of current student loan counseling practices, so we know what actually works. We owe it to student loan borrowers and higher education institutions to find out if the counseling requirements affect borrowers' understanding and their decisions. In particular, we need to know if the programs we create in Congress improve outcomes for students. Will enhanced financial counseling help more students earn degrees, borrow less, and successfully enter repayment? We need to know if these outcomes benefit equally students of different races, ethnicities, genders, and income levels. I urge my colleagues to vote ``yes'' on this bipartisan manager's amendment, so that students can have more and better and high-quality information about their student loans. Madam Chair, I yield back the balance of my time.”