Because of the rising cost of college and weakening power of Pell Grants, too many low-income students either cannot afford to enroll in postsecondary education or cannot afford to complete their programs.
Scott discusses the challenges low-income students face in accessing higher education.
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Treasury has no expertise serving students or institutions of higher education or monitoring servicers for accuracy.
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.
Student loan debt now exceeds $1.7 trillion. Borrowers need clear guidance and certainty.
Instead, they’re forced to deal with uncertainty and chaos created by an administration that has systematically weakened the federal student aid system.
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