Search: student loans

Today, the House will take much needed action to clean up the student loan industry and ensure that students and their families can trust the student aid system they rely on to afford college. Corrupt practices among lenders, schools, and public officials… Continue

UPDATE: The bill has passed, 414-3. New legislation helping to clean up the student loan industry, the Student Loan Sunshine Act, comes as a key figure resigns: Education Department’s Financial Aid Chief to Resign Matthew Keenan, Bloomberg – May 8, 2007 The… Continue

Yesterday the Committee on Education and Labor held a hearing on student loan practices, an ongoing top priority of Chairman George Miller. U.S. Is Lax on Loans, Cuomo Says Jonathan D. Glater, New York Times – April 26, 2007 New York's attorney… Continue

From the Committee on Education and Labor: Democratic Lawmakers Seek to Put a Stop to Unethical College Loan Lending Practices Student Loan Sunshine Act Requires Full Disclosure of Lender Relationships with Colleges and Universities, Bans Lender Gifts Wednesday, February 7, 2007 … Continue

‘Democrats will continue to work to ensure that every young person that is determined to earn a higher education is able to do so. Our young people should be driven by their dreams, not weighed down by debt…’

“‘This legislation cuts the interest rates on student loans in half, saving nearly 7 million students who take out need-based federal loans about $4,400. It increases the maximum Pell Grant scholarship more than $1,000, giving 5.5 million students help to afford the expanding cost of college. The bill makes an investment in the 2.3 million students who attend Historically Black College and Universities, Hispanic-Serving Institutions, Asian American and Pacific Islander-Serving Institutions, and other minority serving schools. It also ensures that we have highly qualified teachers in our classrooms – a key proposal of House Democrats’ Innovation Agenda – by providing upfront tuition for highly qualified teachers who agree to teach in a high needs school.”

Washington, D.C. – Congressman Bobby Scott of Virginia delivered the Weekly Democratic Address.  In this week’s address, Scott highlights Democrats’ Aim Higher Act, which gives every student the opportunity to earn a quality, debt-free degree or credential that leads to a rewarding career.  Video and audio of the Weekly Democratic Address can be downloaded here.

Washington, D.C – Democratic Leader Nancy Pelosi joined Congressman Bobby Scott, the Ranking Member of the Committee on Education and the Workforce, and fellow House Democrats to unveil the Aim Higher Act which is a sweeping reauthorization of the Higher Education Act… Continue

Washington, D.C. – Democratic Leader Nancy Pelosi joined Senator Tammy Duckworth, Congresswoman Debbie Wasserman Schultz and Congresswoman Julia Brownley at a press conference with veterans’ advocates to highlight the negative impacts of the #GOPTaxScam on veterans.  Below are the Leader’s remarks:

Good morning.  Good morning.  Here we are with our friends, who I’ll refer to momentarily.