Owens Backs the REAL Reforms Act

WASHINGTON, D.C. – Today, Rep. Burgess Owens (UT-04) co-sponsored the Responsible Education Assistance through Loan (REAL) Reforms Act, legislation detailing commonsense and fiscally responsible reforms to America’s federal student loan system.

“President Biden’s student loan bailout is unfair, inflationary, and regressive,” said Rep. Owens. “It also fails to address the fundamental issue: A broken federal student loan system and soaring tuition costs, which have increased by 1,375% since 1987 and made higher education untenable for millions of Americans. I’m proud to support the REAL Reforms Act to protect students from predatory lending practices, expand access to high-quality, short-term postsecondary education, and provide targeted relief for borrowers.” 

The reforms under the REAL Reforms Act include fiscally responsible, practical solutions to help students and borrowers. This bill provides targeted relief for borrowers in the greatest need and helps Americans who have been excluded from postsecondary education access high-quality short-term programs. This will allow individuals to gain quickly the skills needed to fill in-demand jobs. It rejects broad student loan forgiveness for those earning six-figure salaries and curtails the Department of Education’s ability to unilaterally forgive debts. This bill also provides long overdue reforms to graduate student lending and eliminates the expensive and regressive runaway loan forgiveness programs. Lastly, this bill would put a stop to exorbitant student loan practices by placing a cap on excessive interest for existing borrowers harmed by years of Democrat policies, and protects future borrowers from these predatory practices going forward.

The full text of the bill is available here.

###

Recent Posts


Feb 29, 2024
Congress

Owens Backs Pioneering Bill: A New Frontier in U.S. Education

WASHINGTON – Higher Education and Workforce Development Chairman Burgess Owens (UT-04) joined Reps. Glenn Grothman (WI-06) and Brittany Pettersen (CO-07) to introduce the Empowering Learners through Competency-Based Education Act, which will assist universities in cultivating learning environments that will allow students to learn at their own pace, called competency-based education (CBE), in an effort to […]



Feb 29, 2024
Congress

Owens Exposes Hypocrisy and Divisiveness of DEI

WASHINGTON — On Thursday, March 7, at 10:15 a.m. ET, the Subcommittee on Higher Education and Workforce Development, chaired by Rep. Burgess Owens (UT-04), will hold a hearing titled “Divisive, Excessive, Ineffective: The Real Impact of DEI on College Campuses.”“Growing up in segregation, bathrooms, water fountains, and schools were separate. While America has made significant […]



Feb 5, 2024
Congress

Utah Congressional Delegation Announces Passport Fairs in Coordination with State Department

Utahns can obtain passport services at five events throughout the state from February 13 – 17 Representative Burgess Owens (UT-04) joined U.S. Senators Mike Lee (R-UT) and Mitt Romney (R-UT), and Representatives John Curtis (UT-03), Blake Moore (UT-01), and Celeste Maloy (UT-02), in coordination with the Department of State, to announce five “Passport Fairs” throughout the […]