On Thursday, July 23, a bipartisan bill led by Congressman Brett Guthrie (KY-02) in the 113th Congress was reintroduced.
H.R. 3179 (H.R. 4984 in the 113th Congress), the Empowering Students through Enhanced Financial Counseling Act, will reform the current guidelines to require annual counseling for student borrowers and enhance their understanding of financial aid.
“For many, receiving a college education is the American Dream,” said Guthrie. “That means making higher education more attainable, and financial literacy is a key part of the equation. My bill ensures students have the knowledge to understand how much money they are borrowing when they accept a student loan, which financial options they should draw from first, and the implications of their future debt load and repayment scenarios. We have seen that students who are equipped with this knowledge leave school with significantly lower debt burdens.”
Currently, financial counseling is only required at the beginning and end of a student’s academic career. This results in many graduates having a cloudy picture of their financial obligations.
“Given the strong support this commonsense bill had last Congress, I’m hopeful we can see it cross the finish line this Congress as we work to reauthorize the Higher Education Act,” Guthrie said.
Also on July 23, Guthrie issued the following statement after voting in support of H.R. 3009, the Enforce the Law for Sanctuary Cities Act:
“Our nation’s immigration system is in great need of repair, and the recent shooting of Kathryn Steinle in California only makes that more evident. Today’s vote is a response to that tragic event and, hopefully, a precursor to broader efforts that reform our immigration laws. I continue to believe that a serious discussion on immigration reform must start with securing our border.”