Reps. Ilhan Omar and Mary Gay Scanlon Introduce the Student Loan Advocacy Act
WASHINGTON – Reps. Ilhan Omar (D-MN) and Mary Gay Scanlon (D-PA) today introduced the Student Loan Advocacy Act. The bill improves the services that the Federal Student Aid (FSA) Office provides to millions of Americans currently holding federal student loan debt. In addition to creating a Borrower Advocate role within the FSA, the legislation sets up accountability metrics to ensure the agency is protecting the needs of student borrowers across the country.
“There are over 45 million Americans shackled with student loan debt,” said Rep. Omar. “The Federal Student Aid Office oversees the $1.5 trillion student loan portfolio and is one of the biggest banks in the country. Under Secretary of Education Betsy DeVos, the Trump Administration has repeatedly sought to undermine debt relief for borrowers. In 2017, DeVos placed Wayne Johnson, a for-profit student loan executive, in charge of oversee the Federal Student Aid Office. We must ensure this office operates as effectively and efficiently as possible to in order to protect students from for-profit colleges and help them navigate the complexities of the federal lending structure.”
“Protecting our student borrowers is part of the government’s role as a student loan lender,” said Rep. Scanlon. “The Federal Student Aid (FSA) Office must serve and protect students, and the Student Loan Advocacy Act will make sure they have the resources to do so. I commend Rep. Omar for introducing this legislation and I’m proud to serve as an original cosponsor.”
You can read the full bill here.