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 Health Care: House passes .3T omnibus | Bill boosts funds for NIH, opioid treatment | Senators spar over ObamaCare fix | 'Right to Try' bill heads to the Senate Overnight Regulation: Omnibus includes deal on tip-pooling rule | Groups sue over rules for organic livestock | AT&T, DOJ make opening arguments in merger trial Warren presses Mulvaney, Azar on tip pooling MORE (R-Tenn.), Sen. Richard BurrRichard Mauze BurrOvernight Cybersecurity: House Intel votes to release Russia report | House lawmakers demand Zuckerberg testify | Senators unveil updated election cyber bill Senators introduced revised version of election cyber bill Overnight Cybersecurity: Zuckerberg breaks silence on Cambridge Analytica | Senators grill DHS chief on election security | Omnibus to include election cyber funds | Bill would create 'bug bounty' for State MORE (R-N.C.), Sen. Johnny IsaksonJohn (Johnny) Hardy IsaksonKey Republicans back VA secretary as talk of firing escalates Frustrated Republicans accuse Paul of forcing pointless shutdown Budget deal is brimming with special tax breaks MORE (R-Ga.), and Sen. Wayne Allard (R-Colo.), for joining me as cosponsors of this bill.