Press Releases

Today, Education and Workforce Committee Chairman Tim Walberg (R-MI) released the following statement after the House passed the Student Success and Taxpayer Savings Plan—through Trump’s big, beautiful bill to provide tax relief for American families and small businesses, lower college costs, rein in wasteful spending, and reduce the federal budget deficit:
 
“Today we cleared a huge hurdle, and we are one step closer to delivering on our promise to the American people to cut government waste. It’s time we stopped asking taxpayers to foot the bill for our broken student loan system that has left borrowers in trillions of dollars of debt and has caused college costs to balloon. It’s time we stopped asking a factory worker in Michigan or a rancher in Texas to subsidize the student debt of a lawyer in Manhattan. I urge my colleagues in the Senate to end the status quo and get this bill to the President’s desk.”
 
Legislation Highlights:

• Strengthening accountability for students and taxpayers
• Streamlining student loan options
• Simplifying student loan repayment 

The bill’s fact sheet is available here.
The full text is available here.
The section-by-section summary is available here.
The Congressional Budget Office’s preliminary cost estimate is available here.

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