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GOP lawmakers request investigation into Obama administration's student loan program
A group of House and Senate Republican lawmakers demanded an investigation Monday into the Obama administration’s management of the Direct Loan education program.
House Education and the Workforce Committee Chairman John Kline (R-Minn.) along with Reps. Virginia Foxx (R-N.C.) and Judy Biggert (R-Ill.) and members of the Senate Health, Education, Labor and Pensions Committee — Sens. Mike Enzi (R-Wyo.), Lamar Alexander (R-Tenn.), Tom Coburn (R-Okla.) and John Cornyn (R-Texas) — sent a letter Monday to the Government Accountability Office (GAO) requesting an investigation into the Obama administration’s management of the Direct Loan program.
“The sheer volume of complaints about the Direct Loan program is extremely disconcerting, and raises serious questions about the Obama administration’s ability to serve student loan borrowers effectively,” Kline said in a statement Monday. “With the federal government now responsible for all student lending, we have a responsibility to conduct strong oversight of the Direct Loan program to ensure it is working for borrowers and taxpayers.”
The lawmakers said their committees had received numerous complaints from borrowers whose financial information and payments were lost by the Department of Education.
“Recent news reports have highlighted additional problems with the Direct Loan program, leaving policymakers, financial aid administrators and students questioning whether the department has the capability to protect borrower privacy and effectively administer the student loan program,” the letter stated.
The lawmakers asked GAO to look into several questions they had, including what policies are currently in place to protect taxpayer dollars, which fund the student loan program.
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