Warren Holds Up Biden Education Department Pick Over Student Loan Reform

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    • #431886
      eridani
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      • Total Posts: 9,978

      https://readersupportednews.org/news-section2/318-66/70111-focus-warren-holds-up-biden-education-department-pick-over-student-loan-reform

      A source told Politico that Warren’s staff is in negotiations with the White House over a “range of necessary reforms in higher education including the administration of the student loan program.” Warren has been a critic of the private companies that manage federal student loans, Navient and Pennsylvania Higher Education Assistance Agency.

      When Navient CEO John Remondi testified before Congress, Warren called on the federal government to fire the company over what she said were longstanding abusive and misleading practices towards borrowers. During her questioning of Remondi, the senator pointed out that a federal audit found Navient was training call center employees to push borrowers toward repayment options that made it more difficult for them to pay off their loans. She also said the company also overcharged the government by $22 million for its management of federal student loans, and Navient has refused to pay that money back.

      “The federal government should absolutely fire Navient,” Warren told Remondi at the hearing. “And because this happened under your leadership, Navient should fire you.” Warren and Senate Majority Leader Chuck Schumer have also pressed Biden to cancel up to $50,000 in loans for borrowers with student debt, although that is not the reason for holding up Kvaal’s nomination.

      During his confirmation hearing, Kvaal pledged that reexamining student debts would be his first priority. “We see a lot of students whose loans are getting larger rather than smaller as they struggle to repay those loans, particularly among black students,” he said. Kvaal also endorsed ways of making college more affordable, including “investing in eliminating tuition at public colleges and universities [and] doubling Pell Grants.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #431930
      Ohio Barbarian
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      • Total Posts: 21,763

      She just wants better customer service. Talk about an upper middle class twit!

      It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs

      You can jail a revolutionary, but you can't jail the revolution.--Fred Hampton

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