The White House is coming under increased pressure to fix a federal program which some say has failed to help millions of low-income student borrowers pay back their loans as intended.
this month also reported that some federal student loan servicers weren't counting how many payments borrowers were making under their income-driven repayment plans, as required, and failed to proactively notify borrowers when they qualified for loan cancellation.
In their letter, Murray and Scott asked the Education Department to extend the moratorium on federal student loan payments until 2023 and use the time to simplify the income-driven repayment process and"reduce borrower confusion and administrative complexity." The lawmakers also made several suggestions, including making the program available to all federal student loan borrowers, including parent and graduate borrowers, and protecting borrowers' income equal to at least 250 percent of the federal poverty line so they can prioritize basic needs.
The Education Department did not immediately respond to the letter. The top-ranking Republicans in the House and Senate education committees also did not immediately respond to requests for comment about how they believe income-driven repayment plans could be overhauled. Murray said because student borrowers are"trapped in repayment when they should actually be finished paying their loans," the federal government needs to"right these past wrongs by making sure borrowers get the relief they are owed."
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