(Wisconsin) Two of Congressman Glenn Grothman’s bills have been incorporated into the College Cost Reduction Act, a piece of legislation that provides a comprehensive solution that will lower costs for students and families.
The bill was produced by the House Committee on Education and the Workforce in consultation with Congressional testimony, universities, and student loan scholars. Grothman’s bills were the Responsible Borrowing Act and the Protecting Taxpayers from Student Loan Bailouts Act. The first bill allows institutions of higher education to implement guard rails on how much money students can borrow.
The other bill requires the Department of Education review the fiscal impact of any future plans to forgive student loan debt to ensure costs to the federal government do not increase and result in taxpayers footing the bill.
