In a letter, roughly 80 lawmakers asked the Department of Education to act swiftly regarding thousands of student loan borrowers.
Democrats are urging President Joe Biden to take three 'concrete steps' to forgive student loan borrowers before his term ends.In a letter to Secretary of Education Miguel Cardona, roughly 80 lawmakers asked the Department of Education to act swiftly regarding thousands of student loan borrowers.The Democrats, including Senators Bernie Sanders and Kirsten Gillibrand, were particularly concerned about student borrowers still paying off debts from predatory for-profit colleges.
The organizations and lenders under scrutiny here have a documented history of issues with borrowers, and at this point, the easiest way to resolve these to the benefit of the former students is to forgive the debt and move on.'The Democrats also asked Biden to issue student loan discharges for students who had attended roughly 50 other fraudulent schools, including organizations like The Career Institute, American National University and Premier Education Group.
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