Addressing student debt: call to action from the Coalition of Attorneys General
Twenty-three attorneys general are calling for “additional reforms to facilitate the process of paying student loans.”
BUFFALO, NY – New York Attorney General Letitia James, along with 22 other attorneys general, are calling on U.S. Secretary of Education Dr. Miguel Cardona to fix the student loan problem.
In a letter to Cardona, the coalition of attorneys general calls for “additional reforms to facilitate the process of paying student loans“. He also calls for protections for student loan borrowers from having to repay funds to “for-profit and now-defunct colleges.”
Additional policy actions requested in the letter include:
- continue to suspend student loan payments and waive interest charges for as long as necessary;
- allow suspended payments to be factored into the utility loan forgiveness program and the income repayment plan reset;
- continue to suspend involuntary collection activities;
- and allow student loan borrowers to have more affordable monthly payments.
“With over $ 1.7 trillion in student debt owed by students across the country, now is the time for us to take bold action to end this crisis and provide our students with the tools they need. to move forward, ”Attorney General James said.
“We need to make access to higher education more accessible and that starts with affordability. Imagine what could be achieved without the heavy burden of student debt. I encourage the Biden-Harris administration to keep all options on the table, including loan cancellation. “
You can read the full letter below: