Yesterday I introduced legislation to assist student borrowers and their families by ensuring that they have an exit strategy to make sound repayment decisions and manage their loan debts after graduation.  When students graduate and step into the real world, they need to understand how to manage their student loan debts.  With the increasing debt level of many students, borrowers must have good options for managing debt, and good information on the options available so they can make wise, informed decisions.

This bill will give student borrowers better, clearer information to develop smart exit strategies for repaying their federal loans.  It will help students better manage their debt and help them make smarter decisions, not add more repayment plans and confusing choices.

The “Student Information Means a Positive Loan Experience (SIMPLE) Act

I would like to thank my colleagues Sen. Lamar AlexanderAndrew (Lamar) Lamar AlexanderOvernight Finance: Trump says shutdown 'could happen' | Ryan, conservatives inch closer to spending deal | Senate approves motion to go to tax conference | Ryan promises 'entitlement reform' in 2018 Senate approves motion to go to tax conference House conservatives, Ryan inch closer toward spending deal MORE (R-Tenn.), Sen. Richard BurrRichard Mauze BurrSessions argued presidents can obstruct justice in Clinton impeachment trial Trump Jr. to meet with Senate panel amid Russia probe Trump’s Russian winter grows colder with Flynn plea deal MORE (R-N.C.), Sen. Johnny IsaksonJohn (Johnny) Hardy IsaksonSenate ethics panel wants details on sexual harassment allegations Senate leaders push tax debate into Friday Senate Ethics Committee opens 'preliminary inquiry' into Franken allegations MORE (R-Ga.), and Sen. Wayne Allard (R-Colo.), for joining me as cosponsors of this bill.