Bobby Scott: “I have no further requests for time. I would like to thank the chief sponsor and other supporters of the legislation…”

It’s difficult to articulate how impractical these proposals are, to say nothing of the pain and suffering they’ll inflict on students, educators and their communities, if they were to become law.

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

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

The administration had been illegally creating these interagency agreements, which are extremely inefficient and wasteful, and also result in inconsistent enforcement of federal education policy.