Republicans Seek to Overhaul Federal Student Loan System

"If the Biden administration’s plan to forgive up to $20,000 in federal student loans fails at the Supreme Court, Senate Republicans say they have an answer for what policy makers should do next to address the student debt crisis," Inside Higher Ed reports.

..."Rachel Rotunda, director of government relations for the National Association of Student Financial Aid Administrators, said the proposal is notable in that it comes from a ranking member on the education committee and could inform future efforts to address affordability and accountability.

Rotunda said transparency and disclosures are big themes of the proposal, which echo recent proposals from the Biden administration.

'The focus that’s been placed on this issue by the Biden administration, as well as both Republicans and Democrats in Congress, is that student loans and the repayment system, really, as a whole are in need of some reforms,' she said."

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Publication Date: 6/15/2023

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