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Congressional Update – In the Red Act of 2016

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

In the Red Act of 2016

H.R. 5106 — Introduced

…through 2012. (3) More than 1 in 4 student loan borrowers are now in default or delinquent on a student loan. (4) There are limited means through which to ensure that institutions of higher education are held accountable for the value of the degrees and credentials obtained by students, or the outcomes of those students. (5) Student borrowers who obtain a high-value degree or credential are much more likely to be able to find a good paying job and repay their student loan debt. (b) Sense of the S…

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