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Legislators push to extend student debt talks

Several congressional Democrats are urging the U.S. Department of Education to add another session to federal policy negotiations in hopes of bringing student loan relief to more Americans. Lawmakers are concerned some borrowers could be excluded from the relief they need if the Biden administration moves forward with a new plan without hearing from more categories of borrowers facing a broader range of financial struggles. 

Dozens of lawmakers are urging Miguel Cardona, education secretary, to add a fourth session to federal policy negotiations, which ended in December 2023, according to a letter shared with USA Today. This comes after the Supreme Court in June 2023 ruled against President Joe Biden's plan to forgive $400 billion in student loans. 

Those who signed the letter include Senate Majority Leader Chuck Schumer, D-N.Y., and Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt. Earlier in January, a group of 67 borrower advocacy groups also wrote to Mr. Cardona, stating the education department shouldn't “allow bureaucratic processes and timelines to serve as a barrier to desperately needed relief for the American people.” 

Full Story: USA Today

 

 

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