Limiting Student Loan Forgiveness: Congressional Approval Required
This bill aims to restrict government agencies from broadly canceling student loans. It means future large-scale student loan forgiveness would require explicit approval from Congress, rather than individual agency decisions. This change could impact individuals with student loans by reducing the likelihood of widespread debt relief programs without new legislation.
Key points
Prohibits the Secretary of Education, Treasury, and Attorney General from mass canceling student loans unless specifically authorized by law.
Exempts existing, targeted federal student loan forgiveness programs already under the Higher Education Act.
Any modifications to student debt repayment must reflect clear Congressional intent, not executive actions.
Expired
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