Some US Senators Call for Cancellation of Student Loan Repayments and COVID-19 Debt | New
WASHINGTON – Several senators have sent a letter to congressional negotiators urging them to cancel student loan payments and debt as part of the COVID-19 response.
U.S. Senators Dick Durbin (D-IL) and Tammy Duckworth (D-IL), as well as Senators Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) all say in a statement that students and families do not shouldn’t have to. fear that they may default on their student loans during or immediately after this emergency.
The press release says this third stimulus package calls on Congress to authorize the US Department of Education to make monthly student loan payments on behalf of borrowers equal to the amount owed for all federal borrowers for the remainder of the tax returns. national emergency.
Lawmakers say these provisions would provide much-needed relief to federal student loan borrowers in this crisis and provide long-term economic stimulus.
Lawmakers have asked negotiators to:
- Immediate monthly payment relief for student borrowers: Authorize the Department of Education to immediately assume monthly payments from federal borrowers to students during this public health emergency.
- Generalized cancellation of student loan debt: Write off at least $ 10,000 in student debt for all borrowers to help jumpstart our economy and make a meaningful difference for American families.
- Protect borrowers from involuntary collections and offsets during this public health crisis: Protect all student loan borrowers from any federal compensation that may prevent them from receiving essential benefits and supports, such as garnishment or garnishment of wages, federal wages, Social Security benefits, and tax returns such as the Working Income Tax Credit and the Child Tax Credit.
Senators Bernie Sanders (I-VT), Jack Reed (D-RI), Richard Blumenthal (D-CT), Kirsten Gillibrand (D-NY), Chris Van Hollen (D-MD), Jeff Merkley (D-OR) , Tammy Baldwin (D-WI), Kamala D. Harris (D-CA), Edward J. Markey (D-MA), Cory Booker (D-NJ), Jeanne Shaheen (D-NH) and Bob Menendez (D- NJ).
The full text of the letter is available here.