Press Release AG Healey phone calls on U.S. Secretary of studies to Further target education loan situation

Press Release AG Healey phone calls on U.S. Secretary of studies to Further target education loan situation

Media email for AG Healey contacts on U.S. assistant of training to help handle Student Loan problems

BOSTON — lawyer important Maura Healey nowadays joined a coalition of 23 lawyers common in giving a letter around the U.S. assistant of training Dr. Miguel Cardona demanding reforms that would allow applicants to better navigate education loan repayment and cover consumers from financial obligations obtain coming to predatory for-profit and defunct schools.

“The U.S division of training provides the expert taking significant and fast motion helping striving scholar consumers, particularly as we endure the economical emergency designed by the COVID-19 epidemic,” mentioned AG Healey. “We is contacting assistant Cardona to follow reforms and hire reports to relieve the smashing problem of student loan loans for millions of people along with their households.”

Within their page, the lawyer general urged Secretary Cardona to bear in mind a number of coverage practices that would assist student loan individuals, including:

The letter applauded ones Department’s March 30 actions to grow pandemic protections to privately-owned loans. The solicitors general also received ceo Biden’s resolve for consider using executive power to end individual debt, saying “. we firmly recommend that any debt termination should affect all federal lending products – including national parents Education Financial products and Perkins funding that aren’t held because of the division. Read more