Bobby Scott: “I want to thank Mr. Nadler and Mr. Katko for their leadership on this legislation. I urge my colleagues to support the…”

Will actually contribute to the creation of miles of bureaucratic red tape, inconsistent education policy and enforcement across the federal government and a significant waste of the taxpayers’ money.

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

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.