Murray, Scott Force Biden Government to solve Historical Failures with Money-Passionate Student loan Payment System

Murray, Scott Force Biden Government to solve Historical Failures with Money-Passionate Student loan Payment System

(Arizona, D.C.) – You.S. Senator Patty Murray (D-WA), Settee of the Senate Fitness, Studies, Work, and Pensions (HELP) Committee, and you may You.S. Associate Bobby Scott (D-VA-03), Couch of the house Degree and you may Work Panel, composed so you can You.S. Education Secretary Miguel Cardona to help you craving the fresh new Institution out-of Degree so you’re able to expand the latest student loan percentage pause up until 2023 and use the fresh new intervening time for you to adopt significant and long-term reforms towards government income-passionate installment (IDR) system-by signing a new, even more substantial IDR bundle that is available to all the government student financing individuals, by fixing earlier in the day harms from the applying a great retroactive commission modification that provides towards vow out of loan rescue of these signed up into the IDR. Read more