Tag: student loan debt
“Nearly 45 million Americans—including 2.6 million Floridians—have student loan debt, and the burden can be economically and emotionally crushing,” said Murphy. “I’m proud to co-lead this bipartisan bill with Congressman Kinzinger to give student loan borrowers another tool to alleviate this burden.”
On Tuesday, U.S. Rep. Byron Donalds, R-Fla., testified before the U.S. Senate Banking, Housing and Urban Affairs Committee’s Subcommittee on Economic Policy in a hearing on “The Student Debt Burden and Its Impact on Racial Justice, Borrowers, & The Economy.”
In 2018 and again in 2019, Rubio teamed up with U.S. Sen. Elizabeth Warren, D-Mass., to on the “Protecting Job Opportunities for Borrowers (Protecting JOBs) Act” which “would help to ensure borrowers are not inhibited from working in their trained field solely because they fell behind on their federal student loan payments” and “would prevent states from suspending, revoking or denying state professional, teaching, or driver’s licenses solely because a borrower falls behind on their federal student loan payments.”
Last week, U.S. Rep. Greg Steube, R-Fla., unveiled the “Modern GI Bill Act” which “allows veterans who are entitled to Post-9/11 educational assistance through the GI Bill to use eligible funds to repay federal student loans.”
The bill exempts lower income Americans from making payments towards their Income Share Agreements (ISAs) and cap the terms ISA providers can offer. The legislation also ensures ISA funders offer more transparency and information to students.
While having a college degree has traditionally been a hallmark of success in America, a new online study from PayScale offers insights as graduates in the workforce weigh in on their biggest regrets after pursuing higher education.
Their legislation would ensure states can’t suspend, revoke or deny professional, teaching and drivers’ licenses if people are behind or have defaulted on their student loans.