Federal student loans make college possible for millions of students who would otherwise be shut out of higher education. But the Higher Education Act has not been modernized to align with our current 100% direct lending system. While some of the problems with repayment are due to the confusing design of benefits and applications, it is equally important for Congress to update the structure repayment pipeline itself, and to improve oversight of the administrators of that system.
The above excerpt was originally published in House Committee on Appropriations. Click here to view the full article.
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