Bobby Scott: “Thank you, Mr. Chairman. I want to thank all of our witnesses for their testimony. This has been very helpful.”

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

Instead, they’re forced to deal with uncertainty and chaos created by an administration that has systematically weakened the federal student aid system.

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

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.