This Week In Washington
With voting in the 2020 election completed, we don’t yet know who will control the Senate in the 117th Congress. A handful of races have yet to be called, with at least one Senate race in Georgia headed to a runoff on January 5, 2021. While Sen. Patty Murray (D-WA) will remain the top Democrat on the Senate Health, Education, Labor and Pensions Committee, Republicans have not announced who will lead the committee for their party next term. We will be watching these developments closely as they could determine the fate of the Higher Education Act reauthorization in the 117th Congress.
On Wednesday, Senate Majority Leader Mitch McConnell (R-KY) announced that he expects Congress to approve a COVID-19 relief package by the end of the year. Recall that, several weeks ago, the Senate failed to advance a scaled-down GOP COVID-19 relief bill that would have provided additional funding for unemployment insurance, schools, hospitals, and the Paycheck Protection Program. This announcement is a reversal of the Majority Leader’s previous position that a relief bill would not be possible this year.
News You Can Use
A study by Fidelity Investments found that Baby Boomers and high earners now carry the most student loan debt.
A new Pew Charitable Trusts survey shows that without targeted federal assistance, borrowers may struggle to repay their student loans if the payment pause is lifted at the end of December.
No relevant student aid bills were introduced this week for consideration by the 116th Congress (2019-2020).