Loan Digest

Senators Call For Probe Into Student Loan Program After NPR Unearthed Major Problems

  • 📰 LAist
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Lawmakers have called for an investigation into a troubled student loan cancellation program two weeks after an NPR report revealed the program wasn't living up to its promise.

Sen. Sherrod Brown of Ohio, Sen. Elizabeth Warren of Massachusetts and Sen. Dick Durbin of Illinois signed onto the letter, which calls for CFPB to"investigate these reports and use all of its authorities to ensure borrowers are accessing IDR program benefits and receive the student loan forgiveness they have earned."

"We urge the Department of Education to implement an IDR waiver, similar to the ongoing waiver for the Public Service Loan Forgiveness program, to allow borrowers to access the loan forgiveness they were promised through IDR," the letter says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 606. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senators call for probe into student loan program after NPR unearthed major problemsLawmakers are calling for an investigation two weeks after an NPR report found a student loan program designed to help low-income borrowers wasn't living up to its promise.
Source: KPBSnews - 🏆 240. / 63 Read more »