Lawmakers have called for an investigation into a troubled student loan cancellation program two weeks after an NPR report revealed the program wasn't living up to its promise.
Sen. Sherrod Brown of Ohio, Sen. Elizabeth Warren of Massachusetts and Sen. Dick Durbin of Illinois signed onto the letter, which calls for CFPB to"investigate these reports and use all of its authorities to ensure borrowers are accessing IDR program benefits and receive the student loan forgiveness they have earned."
"We urge the Department of Education to implement an IDR waiver, similar to the ongoing waiver for the Public Service Loan Forgiveness program, to allow borrowers to access the loan forgiveness they were promised through IDR," the letter says.
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