AG Kaul urges federal government to continue providing student loan relief for borrowers
MADISON, Wisconsin (WMTV) – Attorney General Josh Kaul, along with a coalition of other attorneys general, is urging the federal government to consider policies to help struggling student borrowers.
The coalition sent a letter to U.S. Education Secretary Dr Miguel Cardona on Wednesday asking him to make it easier for borrowers to pay off student loans and protect those who pay off debts to for-profit and missing schools.
“People shouldn’t have to choose between life-long debt and further education, and they certainly shouldn’t be stuck with debts incurred due to inflated or deceptive marketing claims made by predatory for-profit colleges,” he said. said Attorney General Kaul. in a report.
Among the policies that the attorneys general are asking Cardona to consider, one is to ask him to continue the policy of suspending student loan payments and waiving interest for as long as necessary to support these borrowers.
The group is also asking Cardona to continue with the suspension of involuntary collection agencies, including allowing suspended payments to count for both utility loan forgiveness and income-based repayment plan forgiveness.
Attorney General Kaul and the other attorneys general praised President Biden’s consideration to write off student loan debt.
The group wrote: “… we urge that any debt relief apply to all federal loans – including federal family education loans and Perkins loans that are not owned by the department … For many people with student debt, the current system is extremely complex and difficult to manage. “
Kaul was joined in sending the letter along with 22 other attorneys general, including those from Illinois, Minnesota and Iowa.
Copyright 2021 WMTV. All rights reserved.