How We Can Help Students Cope With Debt (Sen. Mike Enzi)

Yesterday I introduced legislation to assist student borrowers and their families by ensuring that they have an exit strategy to make sound repayment decisions and manage their loan debts after graduation.  When students graduate and step into the real world, they need to understand how to manage their student loan debts.  With the increasing debt level of many students, borrowers must have good options for managing debt, and good information on the options available so they can make wise, informed decisions.

This bill will give student borrowers better, clearer information to develop smart exit strategies for repaying their federal loans.  It will help students better manage their debt and help them make smarter decisions, not add more repayment plans and confusing choices.

The “Student Information Means a Positive Loan Experience (SIMPLE) Act

I would like to thank my colleagues Sen. Lamar Alexander (R-Tenn.), Sen. Richard Burr (R-N.C.), Sen. Johnny Isakson (R-Ga.), and Sen. Wayne Allard (R-Colo.), for joining me as cosponsors of this bill.