The PROSPER Act is yet another boost for the private sector instead of consumers and taxpayers. At a time when college affordability is increasingly beyond the financial reach of most Americans, the future of higher education and student lending will affect both consumers and our nation’s ability to effectively compete in a global economy. With more than 44 million Americans in debt for $1.4 trillion in loans, the PROSPER Act sidesteps actions that would effectively address this unsustainable debt and increase college access to create a financial climate that further benefits for‐profit colleges, private lenders and servicers.
