STRENGTHENING TRANSPARENCY IN HIGHER EDUCATION ACT
Mr. SCOTT of Virginia. Mr. Speaker, I rise today in support of H.R. 4983, the Strengthening Transparency in Higher Education Act. It is critical that prospective students have access to information on institutions that they may be interested in attending, and the bill before us would provide the platform for these students to gather this information.
This information is essential to ensuring that students will be able to make an informed decision on which institution to attend.
While providing students with additional information on institutions of higher learning is important, none of the bills before us actually will do anything to actually ensure that every student is given every chance possible of receiving an education past high school level.
Studies have consistently shown the value of higher education, and have also shown that two-thirds of the jobs in the future will require some sort of education past the high school level.
Unfortunately, many students today find higher education unaffordable and out of reach due to the increasing cost of attending college and high student loan interest rates. Currently, the Federal Government makes a significant profit on student loans, with the Congressional Budget Office estimating that the Federal Government will profit $135 billion over the next 10 years off of student loans.
We must continue to ensure that college remains affordable and accessible to all that seek it, and I look forward to working with my colleagues on the Education and the Workforce Committee towards that goal.
On the bill before us today, however, I urge my colleagues to support H.R. 4983, the Strengthening Transparency in Higher Education Act.