Topic · 2 reports

Student loans

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Courtney and Welch Reintroduce Bill to Eliminate Federal Student Loan Interest

Jul 23, 2026

The segment is a July 2026 Capitol Hill press conference where Rep. Joe Courtney (D-CT) and Sen. Peter Welch (D-VT) re-introduce the Student Loan Interest Elimination Act, citing rising defaults shown on a chart, record interest rates, and impacts on young borrowers. Tiffany Dena Loftin of the U.S. Student Association shares a personal default story tied to caregiving costs. The event highlights the bill’s trust-fund offset using principal payments invested in low-risk assets (modeled on the Railroad Retirement Fund) to replace interest revenue to the Treasury. Speakers reference prior legislation like the 2007 College Cost Reduction Act and criticize a recent HR1 cap and a Republican 2% rate proposal for lacking sustainability.

▶ Source: Joe Courtney

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Grothman cites CBO scores to defend OBBBA student loan caps saving $314 billion

Jul 17, 2026

The segment features Rep. Glenn Grothman speaking in Congress against rolling back student loan provisions in the One Big Beautiful Bill Act (OBBBA, signed July 2025). He argues the bill caps graduate and Parent PLUS borrowing, streamlines repayment, and delays certain discharge rules to save taxpayers hundreds of billions while preventing overborrowing for low-value degrees. Grothman references specific dollar figures from the legislation and prior Biden and Obama actions, citing examples of overborrowed borrowers in his district. He submits additional materials on colleges cutting MBA prices. The speech urges a no vote on reversal efforts.

▶ Source: Congressman Glenn Grothman