Education Department Officials Testify on Student Loan Forgiveness
2023-05-24T22:08:04-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMTM4XC8wMDFcLzE2ODQ5ODA4NjZfMDAxLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Undersecretary of Education James Kvaal and Office of Federal Student Aid Chief Operating Officer Richard Cordray testified on the Biden administration’s student loan policies, before a House Education and Workforce subcommittee. Much of the hearing focused on the president’s proposed student debt relief plan and its impact on borrowers and taxpayers, as well as possible benefits to the economy. Other topics discussed included the gainful employment rule, the Fresh Start program for borrowers in default, and Pell Grant increases. The pause in federal student loan repayments put in place during the COVID-19 pandemic was set to expire on June 30, 2023 with repayments resuming by the end of the summer.
Undersecretary of Education James Kvaal and Office of Federal Student Aid Chief Operating Officer Richard Cordray testified on the Biden… read more
Undersecretary of Education James Kvaal and Office of Federal Student Aid Chief Operating Officer Richard Cordray testified on the Biden administration’s student loan policies, before a House Education and Workforce subcommittee. Much of the hearing focused on the president’s proposed student debt relief plan and its impact on borrowers and taxpayers, as well as possible benefits to the economy. Other topics discussed included the gainful employment rule, the Fresh Start program for borrowers in default, and Pell Grant increases. The pause in federal student loan repayments put in place during the COVID-19 pandemic was set to expire on June 30, 2023 with repayments resuming by the end of the summer. close
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