WASHINGTON | September 5, 2018
Today, the House of Representatives passed H.R. 1635, the bipartisan Empowering Students through Enhanced Financial Counseling Act. Sponsored by Reps. Brett Guthrie (R-KY) and Suzanne Bonamici (D-OR), the legislation will improve financial aid counseling for students receiving a Pell Grant or a federal loan. Rep. Virginia Foxx (R-NC), chairwoman of the Committee on Education and the Workforce, said:
“Knowledge really is power, especially in how we make practical financial decisions. Student borrowers, and parents if they’re trying to help, should understand and control their financial situation. Their financial situation should not control them.
“As chair of the Higher Education and Workforce Development Subcommittee, Representative Brett Guthrie has been a champion for commonsense reforms, and this legislation is the result of his leadership. I commend his work, as well as Representative Bonamici and her many Democratic colleagues for joining in this effort.”
Rep. Bobby Scott (D-VA), ranking member of the Committee on Education and the Workforce, said:
"The decision to take out student loans can have lifelong consequences for students and their families. Yet student borrowers too often lack the information and guidance they need to understand their options, stay informed on the status of their loans, and prepare for the future. We must do more to protect and support students who are willing to take the risk of going into debt for the reward of a good education. Today we took a step in the right direction. I am grateful to Representatives Suzanne Bonamici and Brett Guthrie for their leadership on this bill.”
To learn more about H.R. 1635, the Empowering Students through Enhanced Financial Counseling Act, click here.
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