Student Lending Proposals to the Incoming Biden Administration
By EsqSocial Corporation 02/02/21
U.S. Representative Maxine Waters, Chairwoman of the U.S. House Committee on Financial Services, penned a letter to the incoming Biden administration suggesting changes to the student lending regulatory environment, as well as debt forgiveness for student loan borrowers. On December 4, 2020, Waters recommended that then President-elect Biden “issue an executive order to promptly forgive up to $50,000 of debt for each federal student loan borrower and pause all student loan payments and interest...
By: Seyfarth Shaw LLP