I remind my colleague that his vote against this bill is a vote to deny about 35 percent of the workers in his district in Pennsylvania an average raise of about $3,200 a year. Mr. Speaker, I yield 1 minute to the gentlewoman from Pennsylvania (Ms. Wild), a distinguished member of the Committee on Education and Labor.
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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.
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.
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