Bobby Scott: “Yesterday, I introduced the CARS Act, H.R.1550.”

Codifying this new system without assessing its effectiveness just doesn’t make any sense.

Student loan debt now exceeds $1.7 trillion. Borrowers need clear guidance and certainty.

Treasury has no expertise serving students or institutions of higher education or monitoring servicers for accuracy.

Instead, they’re forced to deal with uncertainty and chaos created by an administration that has systematically weakened the federal student aid system.