WASHINGTON, June 26 -- Sen. Mark R. Warner issued the following press release:

U.S. Sens. Mark R. Warner (D-VA), Todd Young (R-IN), and Chris Coons (D-DE) introduced the bipartisan Outcomes-Based Financing (OBF) for Students Act. The legislation expands access to innovative financing options for students pursuing postsecondary education and workforce training while establishing strong consumer protections to safeguard participants.

"Outcomes-Based Financing is a promising way to finance higher education and a more desirable alternative to high-interest student loans," said Sen. Warner. "This bill offers an innovative form of financial support that prioritizes measurable results and expands opportunity for students."

"Hoosiers should not ...