President Biden REALLY doesn’t want much to do with problem/Debt of student loans.
Trump Education Sec DeVos didn’t’t either….
There have been calls to forgive up to $50,000 per person in student loan debt…There have been call to overhaul the program that was supposed to give forgiveness to those who made payments while they worked in civil crevice jobs….
There have been serious complaints about the companies that process and service the educational loans…..
The Mass.Democratic Senator, who has been out of the spotlight , says she will hold up the Biden picks for the Education Dept. until she gets some action from Biden & Co. on student loans…
Sen. Elizabeth Warren is blocking a swift confirmation for President Joe Biden’s pick to be the No. 3 official at the Education Department as she presses the administration over its management of the $1.6 trillion portfolio of federal student loans.
The Massachusetts Democrat has placed a hold on the nomination of James Kvaal to be undersecretary of education, a source familiar with the process confirmed to POLITICO on Tuesday.
Warren’s roadblock is the latest escalation of pressure on the Biden administration from progressives who want to see more aggressive and quicker action on student loan debt.
Warren and Senate Majority Leader Chuck Schumer have been publicly lobbying Biden for months to use executive action to wipe out $50,000 of student loan debt per borrower. Biden has been dismissive of that idea, though the White House has said it’s still reviewing its options.
But Warren’s hold on the Kvaal nomination is not over the $50,000 student debt cancellation proposal, according to the source. Instead, Warren is seeking concessions on longstanding issues that she’s raised about how the Education Department runs the student loan program….
I hope she holds his feet to the fire on the one…he promised at least 10K…If he can give away all this other money, then to help the educated who helped get him elected would be smart politics…I don’t mind if he waits until September, but he needs to get it done before loan payments start getting processed again. Plus it will be like 18 months since any payments were made, that is going to lead to missed first payments, etc…