[Congressional Record Volume 165, Number 18 (Tuesday, January 29, 2019)]
[House]
[Page H1250]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1030
                           STUDENT LOAN DEBT

  The SPEAKER pro tempore. The Chair recognizes the gentleman from Utah 
(Mr. Curtis) for 5 minutes.
  Mr. CURTIS. Mr. Speaker, I am pleased to introduce the Transparency 
in Student Lending Act.
  College education can be a life-changing investment, but it can come 
at a tremendous cost. Right now, 44 million Americans collectively hold 
$1.5 trillion in student loan debt. The Federal Government lends 90 
percent of these dollars. However, unlike other lenders, the Federal 
Government does not provide students with complete information about 
the total cost of their loan, leaving borrowers unaware of hidden costs 
and fees until they enter the repayment phase. I have introduced this 
bill to require complete information be provided to students before 
they take out a loan.
  Mr. Speaker, I represent the youngest congressional district in the 
United States, and many of my constituents are struggling with student 
debt. With this legislation, we can help young people make fully 
informed financial decisions for their families and their futures.

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