Political Quotes

Bobby Scott: “Student loan debt now exceeds $1.7 trillion. Borrowers need clear guidance and certainty.”

On the recordJuly 22, 2026
Student loan debt now exceeds $1.7 trillion. Borrowers need clear guidance and certainty.
Said by
Bobby Scott
Democratic · Virginia
Source
iowacapitaldispatch.com
Jul 22, 2026

Editor's note · Context

Speaking on student loan debt and guidance needs.

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

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

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The repeal represents the federal government walking away from that responsibility, which jeopardizes the hard-fought progress we have made.

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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.

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