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House Passes Bill Requiring Annual Counseling for Student Loan Borrowers

“Students and parents enrolled in federal loan programs will receive yearly counseling tailored to their needs,” Paul Ryan, House Speaker

“…with a complex federal financial aid system that provides little guidance to students, it’s often out of reach or leads to high student debt” – Ryan

The legislation is designed to improve “the timing, frequency and content of financial counseling,” – Suzanne Bonamici, D-Ore

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