Prohibiting Student Loan Cancellation Without Congressional Approval
This bill aims to prevent government agencies, such as the Departments of Education and Treasury, or the Attorney General, from independently canceling or modifying student loan terms. This means any future decisions regarding student loan forgiveness will require explicit approval from Congress, potentially impacting individuals with such debts.
Key points
Government agencies are prohibited from canceling or changing student loan terms without Congressional approval.
This applies to all federal student loans, including those from the Higher Education Act and Health Education Assistance Loan Program.
Future student loan relief will require a new Act of Congress.
Expired
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