A series of bills would also address student debt.
Senator Bill Cassidy of Louisiana, Steve Daines of Montana, Tommy Tuberville of Alabama, Chuck Grassley of Iowa, Tim Scott of South Carolina, and John Cornyn of Texas have joined to introduce five bills in the Senate to address the high cost of America’s higher education as well as student debt. Each of the bills would impose new rules that would lower tuition at colleges and universities that have allowed them to increase prices.
“Our federal higher education financing system contributes more to the problem than the solution,” Senator Cassidy said of the bills. “Colleges and universities using the availability of federal loans to increase their tuitions have left too many students drowning in debt without a path for success… this plan addresses the root causes of the student debt crisis. It puts downward pressure on tuition and empowers students to make the educational decisions that put them on track to academically and financially succeed.”
Senator Cornyn said that the Streamlining Accountability and Value in Education for Students Act (SAVES) would “increase accountability and ensure student loans are paying for degrees that actually produce higher income necessary for graduates to repay them, saving taxpayers nearly $50 billion.”
Other legislation, introduced by Senator Bernie Sanders of Vermont, would make public college tuition-free for students who come from single-parent homes or whose income is below a certain level. Senator Sanders stated, “The time is long overdue to make public colleges and universities tuition-free and debt-free for working families. Education is one of the keys to a successful democracy and we must make it easier, not harder, for young people to obtain the degrees they have worked so hard for.”
As the Lord Leads, Pray with Us…
- For the senators who have introduced legislation to address both the cost of higher education and student loan debt.
- For members of the Senate as they deliberate and vote on these bills.
- For the justices of the Supreme Court as they prepare their decision regarding the president’s student loan forgiveness plan.
Sources: U.S. Senate, Washington Examiner
