WASHINGTON, D.C. – As the Subcommittee on Higher Education and Workforce Development from the U.S. House of Representative holds a hearing today examining the implications of President Biden’s student loan relief policies for borrowers, the Center for Responsible Lending (CRL) is releasing its letter to the Subcommittee that states, in part:
“The current Administration’s policies go a long way toward fixing a student loan system that was already broken. Therefore, we urge the members of this Committee to not only support the Administration’s efforts, but also encourage the Department of Education to do more to address the federal student debt crisis.”
The full letter is linked here.
“The subcommittee should also support the Administration’s proposals to improve and clarify programs like Borrower Defense to Repayment, Income-Driven Repayment and Public Service Loan Forgiveness. These regulatory changes are essential to ensuring that college education is both fair and affordable for future generations, especially working-class borrowers,” said Jaylon Herbin, director of federal campaigns at CRL. As our letter states, ‘Our nation’s future economic prosperity will be closely tied to how much we invest in preparing that workforce.’”
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Press Contact: Vincenza Previte: vincenza.previte@responsiblelending.org