The House Education and Workforce Committee’s passage of H.R. 4508, the Promoting Real Opportunity, Success, and Prosperity through Education Reform Act, sparked some industry reaction regarding the federal government’s role in the student lending market.
Consumer Bankers Association President and CEO Richard Hunt said that although the bill includes positive provisions for students and their families, he finds other provisions troublesome.
Find out more about what the bill proposes to change about the government’s involvement in financing higher education.