Elizabeth Warren and Ayanna Pressley want to know how 9 student loan companies will avoid causing ‘grave harm to … Yahoo Lifestyle UK
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InAugust,Bidenannouncedupto$20,000infederalstudent-loanforgiveness.
ElizabethWarrenandAyannaPressleyrequestedinformationfromloancompaniesonhowtheywillcarryouttherelief.
Theysaidthatborrowerscouldface“graveharm”ifcompaniesfailtodeliveraccurateinformation.
Student-loancompaniesaretaskedwithcarryingoutPresidentJoeBiden’sstudent-loanforgiveness—andtwoDemocraticlawmakerswanttoensuretheprocessgoesassmoothlyaspossible.
AttheendofAugust,Bidenannounced$10,000to$20,000instudent-loanforgivenessforfederalborrowersmakingunder$125,000ayear.MassachusettsSen.ElizabethWarrenandRep.AyannaPressleywanttoensuretheninecompanieswhoservicethoseloansarepreparedtoimplementthatreliefeffectively.
InaletterprovidedexclusivelytoInsideronMonday,WarrenandPressleyaskedtheheadsofeachofthecompaniestoprovideanupdateonhowtheyplantodeliver“accurateandtimelyinformati
