Sep
30
Democrats Urge Government to Refund Billions in Student Loans
ByCheated students deserve loan relief, say House Democrats.
Democrats Urge Government to Refund Billions in Student Loans
The government’s new program for canceling student debt, launched in June, looked like a historic win for debtors. A year after troubled for-profit education company Corinthian Colleges collapsed, the Department of Education opened the first formal pathway for students of its colleges to ask for loan forgiveness. Now a group of Democrats in Congress is charging that the Department of Education has taken too long to refund the debt and has made it unlikely that most students will get relief.
“It has been three months since the Department of Education said it would create a debt-relief process but we have seen almost no progress,” said Representative Janice Hahn (D-Calif.), one of 17 House Democrats who signed a letter to Education Department Secretary Arne Duncan on Tuesday. The Democrats said the department should be canceling billions in student loans automatically, whether or not graduates seek it…
Democrats Urge Government to Refund Billions in Student Loans
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