Republicans have proposed alternative, more affordable, and manageable repayment options for student loan borrowers through the Federal Assistance to Initiate Repayment Act. This proposal, put forth by members of Foxx’s committee, is aimed at striking a balance between providing relief to borrowers and maintaining fiscal responsibility.
One of the key actions taken by the Biden administration is the initiation of a rulemaking process led by the Secretary of Education, which aims to create an alternative path to debt relief.
One of the key actions taken by the Biden administration is the initiation of a rulemaking process led by the Secretary of Education, which aims to create an alternative path to debt relief.
