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Empowering Students Through Enhanced Financial Counseling Act

Floor Speech

Date: Sept. 5, 2018
Location: Washington, DC
Issues: Finance and Banking Higher Education

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Mr. WALBERG. Mr. Chairman, I rise today in strong support of the Empowering Students Through Enhanced Financial Counseling Act.

For families in Michigan who are struggling to make ends meet, figuring out how to pay for college is a big challenge. Young people today who are graduating and entering the workforce face overwhelming college student loan debt. When considering financial aid options, we need to empower students to make the best, fully informed decisions about their futures.

This bipartisan bill will promote access to financial counseling so students better understand the process and receive personalized advice that speaks to their personal situations.

It also will provide counseling assistance for the first time to low- income students who participate in the Pell Grant Program.

I am grateful to Chairman Guthrie, Ranking Member Bonamici, and my colleagues on the Education and the Workforce Committee for their work on this legislation.

Encouraging financial literacy is an important step to help prepare students for successful futures. I urge passage of this bipartisan bill.

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