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Kiplinger
Kiplinger
Business
Jamie Feldman

More Student Debt Relief Needed, Some Lawmakers Say

Illustration of graduated student wearing graduation ceremony suit holding heavy expensive student loan money bag.

A group of mostly Democratic lawmakers are urging the Biden administration to expand its latest student loan debt relief proposal, saying that the plan does not go far enough to help those trapped by "crushing" debt.

In a December 11 letter to Education Secretary Miguel Cardona, the lawmakers said the proposed rule “would fall far short of providing the full scale of debt relief that low- and middle-income Americans urgently need.” The letter is signed by Sens. Elizabeth Warren (D-MA), Majority Leader Chuck Schumer (D-NY), Bernie Sanders (I-VT), Alex Padilla (D-CA), and Reps. Ayanna Pressley (D-MA), Ilhan Omar (D-MN), and Frederica Wilson (D-FL).

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