A better, bipartisan step toward fixing the student loan crisis

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 94%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

'Hiding in plain sight, is a bipartisan proposal that provides measured relief to those who really need it and allows the government to recover some of their lost revenue by forcing universities to finally put some skin in the game.' -Ryan Dattilo

personally. But these haphazard efforts fail to fix the structural problems within our system.

Hiding in plain sight, however, is a bipartisan proposal that provides measured relief to those who really need it and allows the government to recover some of their lost revenue by forcing universities to finally put some skin in the game. The FRESH START Through Bankruptcy Act was introduced last Congress by Sen. Dick Durbin , the chairman of the Senate Judiciary Committee and a long-standing advocate for student loan relief, and Sen. John Cornyn .

More importantly, though, the bill finally seeks to remind schools of their obligation to look out for their students and not to saddle them with unbearable debt. For schools with consistently high student loan default and low repayment rates at the time of a student’s attendance, the bill empowers the Department of Education to claw back a portion of any loans forgiven in bankruptcy.

 

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:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines