The youngest member of the House of Representatives called student loan forgiveness an issue of "justice" and urged the Biden administration to enact forgiveness during a virtual Department of Education hearing Tuesday.
The Biden administration's regulatory changes to the Income Driven Repayment program for student loans are expected to cost taxpayers nearly $500 billion over a decade, according to a new report.
A group of Senate Republicans introduced a series of bills Wednesday that they say will help address problems in higher education that have led to sky-high costs and exorbitant student debt.
“Today marks a big step, among others, that my administration is taking to make education a ticket to the middle class that folks can actually afford,” the president said.