Rep. Stevens Student Loan Relief Bills Clear Key Hurdle
WASHINGTON – Today, the House Education and Labor Committee advanced H.R. 4674, the College Affordability Act – a long overdue update to our nation’s higher education laws that ensures students can spend less and earn more. The legislation lowers the cost of college, improves the quality of higher education by holding institutions accountable, and expands opportunity for students from all backgrounds.
The College Affordability Act also includes several bills introduced by Congresswoman Haley Stevens to provide relief for student loan borrowers:
- H.R. 4395, the Clean Slate Through Consolidation Act and H.R. 4396, the Cleans Slate Through Repayment Act. These bills would remove default records from the credit history of federal student loan borrowers who have consolidated their defaulted loan or repaid the loan in full.
- H.R. 2728, the Joint Consolidation Loan Separation Act. This bipartisan, bicameral bill would provide relief to borrowers who previously consolidated their student loan debt, including victims of domestic or economic abuse, or those with an uncommunicative partner.
- H.R. 2888, the Stop Student Debt Relief Scams Act. This bipartisan, bicameral bill would give the Education Department tools to identify and shut down student debt relief scams that target student borrowers and parents.
“Americans have $1.6 trillion in student debt, and Michiganders owe an average of $31,000,” said Congresswoman Stevens. “This is not sustainable, and it’s stifling economic growth. That’s why I’m so pleased that the House Education and Labor Committee advanced my bills to address our student loan crisis. These are practical, common sense steps we can take to help student loan borrowers in Michigan pay down their debt and boost our economy.”
During this week’s markup of the College Affordability Act, the House Education and Labor Committee also unanimously advanced Congresswoman Stevens’ amendment to ensure that career and technical education programs are included in career pathways.