Categories: Business

3 things in play for students of student speakers: Elizabeth Warren

  • Trump’s choice for the Secretary of Education, Linda McMahon, has her confirmation audience on Thursday.
  • Sense. Elizabeth Warren and Andy Kim explained how they plan to approach the hearing.
  • They plan to question McMahon on his approach to the student system and the borrower’s protections.

Two Democratic legislators want the candidate of the Secretary of Education of President Donald Trump to prepare for ideas to protect borrowers from student housing before his appearance at Congress this week.

Linda McMahon, Trump’s choice to lead the Ministry of Education, should Ask its confirmation hearing on Thursday. In their first glimpse of how they plan to approach the hearing, the Democratic senses Elizabeth Warren and Andy Kim sent a letter to McMahon Tuesday – exclusively considered by Business Insider – describing specific problems they want McMahon to speak .

These include protections and programs for student housing borrowers, Trump’s plan reports to eliminate the Department of Education and Surveillance of the Student Housing Industry.

“The next Secretary for Education must fight for the best of students and families, not for profit and predators and nonsense loan agents, and must reject policies and extreme efforts to eliminate the Department “, Warren and Kim written in their letter.

Although McMahon has not yet commented on the plans for the borrowers of student speakers, Trump has already criticized the relief efforts of his predecessor and the wide forgiveness for student housing.

Here are three student housing problems that Warren and Kim concentrate before McMahon’s confirmation audience.

Targeted student debt programs

Trump suggested eliminating the public service loan delivery program during his first mandate, which forgives students’ debt to government workers and non -profit after 10 years of eligible payments.

Warren and Kim wrote that if the PSLF was eliminated, more than 3 million public service workers “would be refused the relief they expect to receive and have planned their lives”.

The PSLF cannot be eliminated without the congress, and not enough legislators have expressed their support to get there.

They also underlined the actions under Betsy Devos, Trump’s education secretary during his first mandate, which included the cancellation of the paid employment rule, intended to ensure that students do not graduate them With unaffordable debt. Devos also displayed a backlin of defense complaints from the borrower, who relieves the borrowers who have proven that they had been frauds by their schools.

Democratic legislators have asked McMahon more information on how it plans to manage programs intended to provide targeted relief to student housing borrowers.

Surveillance of the student housing industry

Former President Joe Biden has taken measures during his mandate to strengthen the surveillance of the student housing industry. For example, following the return to reimbursement for millions of borrowers after the pandemic break, the Biden education service kept the salary of the four main federal loan agents so as not to fulfill their contractual obligations towards borrowers .

The Biden Department of Education also published a framework of responsibility for agents, which included the transfer of borrowers to better efficient agents if necessary.

Warren and Kim want McMahon insurance that this surveillance will continue.

“The rigorous application of each of the components of the frame was essential to protect borrowers from the embezzlement of services,” they wrote.

Eliminate the Ministry of Education

Trump told journalists last week that he hoped that McMahon would succeed in getting out of a job, confirming his intention to completely eliminate the Ministry of Education.

It is an idea that Trump previously suggested, and he has the support of Elon Musk, who heads the Trump’s Doge commission to reduce government waste.

Warren and Kim have warned in their letter that the dismantling of the ministry could have strong consequences.

“For families of the working class and the middle class, Ed manages the federal student of students, which helps millions of Americans to cover the cost of the college; this system is not perfect, but it is Largely preferable to a purely privatized system that would cost families more and do not offer any protection against predator lenders of private student loans, “they said.

businessinsider

William

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