(Source: Richard Burr) September 16, 2014 - 12:43 PM WASHINGTON, D.C. - Today, U.S. Senators Richard Burr (R-N.C.) and Angus King (I-Maine) introduced legislation to reform federal student loan repayment programs. Current graduates face a maze of federal student loan repayment programs from which to choose that often leave students confused about which program best fits their needs. In addition, years of ad hoc changes and expansions have done little to ensure taxpayers are likewise best served. The Repay Act, which mirrors a discussion draft released by Senators Burr and King earlier this year, addresses these issues by consolidating many of the benefits of current repayment programs...
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