Aim Higher Act Tackles Transparency in Student Loan Debt Crisis
WASHINGTON, D.C. – Today, U.S. Representative Bobby Scott (Va.–03), Ranking Member of the Education and the Workforce Committee, introduced the Aim Higher Act, a bill to make higher education institutions—particularly for-profit colleges—more accountable and transparent to the public. The legislation also includes resources to boost college financial aid support programs for low-income students and improves the current loan repayment system. Across the country, 44 million consumers share the still-growing burden of $1.5 trillion in student loan debt. Center for Responsible Lending Counsel