July 25, 2021

Is This A Game Changer For Student Loan Cancellation?

Is This A Game Changer For Student Loan Cancellation?

Is this a game changer for student loan cancellation?

Here’s what you need to know.

Student Loans

The hiring of a new assistant general counsel at the U.S. Department of Education who co-authored a letter to Sen. Elizabeth Warren (D-MA) supporting wide-scale student loan cancellation shouldn’t be interpreted as the Biden administration will now “automatically” enact wide-scale student loan forgiveness. It would be premature to conclude that the hiring of a single individual would lead to automatic student loan cancellation because that individual supports the president’s unilateral authority to cancel student loans. Let’s break it down.

1. Is this a positive for student loan borrowers?

Yes. The hiring of this skilled attorney is a positive for student loan borrowers. The attorney has fought for consumer protection, helped secured student loan cancellation for student loan borrowers, held predatory for profit-schools accountable, and helped bring more transparency to student loans, among other accomplishments through work with the Project on Predatory Student Lending at Harvard Law School. This strong background will enhance the U.S. Department of Education’s efforts in these areas and others to help more student loan borrowers.

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