I would say to the chairman, I think I agree with him on Puerto Rico, but disagree with regard to the Virgin Islands and others. If we could agree that the legislative intent is to make sure there will be some recourse, we could have that fixed in conference.
Discussing legislative intent regarding Puerto Rico and the Virgin Islands.
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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.
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.
Codifying this new system without assessing its effectiveness just doesn’t make any sense.
Treasury has no expertise serving students or institutions of higher education or monitoring servicers for accuracy.
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