Bobby Scott: “On that point, if we do nothing and let them expire--we're not talking about new tax cuts--if we just let them expire…”

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

The sweeping changes to the federal student loan system originating from that law are compounding the issues that have risen from the dismantling of the Education Department.

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

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