This Week In Washington
On Tuesday, Senate Majority Leader Mitch McConnell (R-KY) announced that he would allow the Senate to vote on a scaled-down GOP COVID-19 relief bill next week. The bill would provide additional funding for unemployment insurance, schools, hospitals, and the Paycheck Protection Program. Recall that, two weeks ago, the House passed their own scaled-down version of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act which would provide additional relief to individuals, states, and local governments. Additionally, after some back and forth about whether the president would support a COVID-19 relief package prior to the election, the White House proposed a stimulus package which would provide $25 billion in funding for student loan forgiveness. However, no additional details were given on the loan forgiveness proposal.
News You Can Use
The Center for American Progress warns of the “looming student loan servicing crisis.”
Sheila Bair, former Chair of the Federal Deposit Insurance Corporation, argues that federal student loans need new protections on debt collection.
The Brookings Institution uses new data from the Federal Reserve’s Survey of Consumer Finances to highlight demographic trends and break down who owes what in student loans.
No relevant student aid bills were introduced this week for consideration by the 116th Congress (2019-2020).