[Congressional Record Volume 168, Number 199 (Wednesday, December 21, 2022)]
[House]
[Page H9923]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               OUR BROKEN POSTSECONDARY EDUCATION SYSTEM

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, our postsecondary education system is broken.
  The Government Accountability Office recently released the troubling 
report blasting colleges for giving perspective students misleading 
information on financial aid letters. The report found that only 9 
percent of college financial aid letters correctly calculated students' 
out-of-pocket costs, and nearly half misled students by blurring the 
lines between grants and loans, in some cases by tens of thousands of 
dollars.
  This lack of transparency is inexcusable and outright shameful.
  Students and families make one of the most critical financial 
decisions of their lives when they accept their financial aid offer. 
Schools should not hide the true cost of college from them.
  That is why Representative Lisa McClain and I introduced the College 
Cost Transparency and Student Protection Act to ensure that aid offers 
are clear, so student and parent choice are maximized.

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