Chairman Scott Statement on Republican REAL Reform Act
WASHINGTON – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after Republican House leaders proposed changes to the student loan system, including provisions to eliminate the Public Service Loan Forgiveness (PSLF) program, tie the hands of the Department of Education in providing relief to borrowers, limit access to federal financial aid, and restrict the flexibility of loan repayment.
“When President Johnson signed the Higher Education Act in 1965, he said the legislation would mean that ‘a high school senior anywhere in this great land of ours can apply to any college or any university in any of the 50 states and not be turned away because his family is poor.’ Regrettably, the proposal my Republican colleagues introduced yesterday misses the mark and would leave students and families worse off.
“This proposal—especially the provisions to eliminate Public Service Loan Forgiveness and weaken Income Driven Repayment—would make student loans more expensive to obtain and harder to repay. Upon review, the Republican REAL Reform Act would have the opposite effect of the purpose of the student loan system and the Higher Education Act of 1965.”
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