NBC29: Rep. Spanberger pushing to make student loan process more transparent


As the Supreme Court discusses student loan forgiveness, 7th District Representative Abigail Spanberger (D) says she is working to make the federal loan process more transparent.

The Student Loan Disclosure Transparency Act aims to help people understand how to pay back their federal student loans.

“Among the challenges that I hear from constituents is that they took out student loans when they began school, but that then they did not have any clarity kind of along the way,” Rep. Spanberger said Monday, March 6.

This proposed bill would require monthly disclosures, as well as projected monthly payments based on how much a student has borrowed.

“It’s also about greater transparency so that a student can make a choice, understanding the dollars that I’m borrowing today, what does that look like over the next 10,20,30 years?” Spanberger said.

The next steps would be for this bill to gather more co-sponsors, move it into committee markup, and to a vote.

“Typically, we’ve had a fair amount of broad, bipartisan support for issues of transparency. So, I hope that we can move this kind of common-sense reform forward,” Spanberger said.

Do you have a story idea? Send us your news tip here.

Recent Posts

Feb 23, 2024
Local Issues

Spanberger, Garbarino Lead Bipartisan Bill to Track & Report Tick Bite-Associated Condition, Alpha-Gal Syndrome

The Congresswoman’s “Recognize AGS Act” Would Direct HHS to Make Alpha-Gal Syndrome a Nationally Notifiable Disease WASHINGTON, D.C. — U.S. Representatives Abigail Spanberger (D-VA-07) and Andrew R. Garbarino (R-NY-02) introduced bipartisan legislation to allow for greater monitoring and reporting of alpha-gal syndrome (AGS) cases by the Centers for Disease Control and Prevention (CDC). Alpha-gal syndrome […]

Feb 22, 2024

Spanberger Urges Health Insurers to Fully Cover Birth Control, As Required by the Affordable Care Act

This Effort Comes After Years of Systemic Noncompliance by Insurance Plans & Women Paying Out of Pocket or Facing Administrative Red Tape to Access Birth Control WASHINGTON, D.C. — U.S. Representative Abigail Spanberger today joined more than 150 U.S. House and U.S. Senate colleagues in urging health insurers to improve access to birth control by […]

Feb 21, 2024

Spanberger Announces Sixth Annual Congressional Art Competition, Invites Virginia High School Students to Submit Artwork

The Winner’s Artwork Will Be Displayed in the U.S. Capitol Building for One Year Alongside Winners from All 50 States WOODBRIDGE, Va. — U.S. Representative Abigail Spanberger today invited high school students from Virginia’s Seventh District to submit original artwork for the annual Congressional Art Competition. Every year, Members of the U.S. House of Representatives […]