On Wednesday, 75 Democratic lawmakers urged Education Secretary Miguel Cardona to expedite student debt relief for borrowers defrauded by their schools, emphasizing urgency as Trump takes office soon.
During a press conference, Sen. Ed Markey stated, "Borrowers who attended fraudulent schools and have struggled with debt for years or even decades cannot afford to wait any longer," stressing the critical need for immediate action.
The letter from lawmakers called for processing outstanding borrower defense applications and suggested the Department of Education enact group discharges for students from predatory schools, citing ongoing issues with existing relief.
The urgency for quick action on student debt relief is amplified by the potential policy changes under President-elect Trump, which could significantly limit or eliminate support for these borrowers.
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