CBA Statement on Chairman Alexander’s Bipartisan Higher Education Legislation
CBA Statement on Chairman Alexander’s Bipartisan Higher Education Legislation
WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Senate Health, Education, Labor and Pensions (HELP) Committee Chairman Lamar Alexander (R-Tenn.) introduced the “Student Aid Improvement Act of 2019”:
“These bills fund important grant programs and make incremental improvements in areas where student borrowers are being poorly informed about federal lending programs. We hope the Chairman will go further by calling for straightforward clear disclosures for all federal borrowers, as would be required by the bipartisan Scott-Manchin Student Loan Disclosure Modernization Act. Congress must also take responsible steps to rein in federal over-lending, which is fueling skyrocketing college tuitions.”
NOTE: More information on CBA’s student lending reform proposals is available at consumerbankers.com/educationfunding
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About the Consumer Bankers Association:
The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.
