President Joe Biden’s second attempt at student loan cancellation is moving forward as a group of negotiators meets to debate what a new proposal might look like.
WASHINGTON (AP) — President Joe Biden’s second attempt at student loan cancellation began moving forward Tuesday with a round of hearings to negotiate the details of a new plan.
In a process known as negotiated rulemaking, 14 people chosen by the Biden administration are meeting for the first of three hearings on student loan relief.
“The HEA gives the Secretary of Education the authority to ‘enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand,’ including Federal student loans,” Kvaal said in his comments.
Those details will be decided after the administration takes input from the negotiators, who meet in a series of sessions scheduled to continue into December.
The administration plans to finalize the new rule sometime next year, but Education Secretary Miguel Cardona has declined to say if it will be in place before next fall’s presidential election.
The paper notes that, when deciding whether to collect on debt, some other federal agencies consider whether it “would be against equity and good conscience,” or if it would “impose financial hardship.”
The original article contains 931 words, the summary contains 175 words. Saved 81%. I’m a bot and I’m open source!
This is the best summary I could come up with:
WASHINGTON (AP) — President Joe Biden’s second attempt at student loan cancellation began moving forward Tuesday with a round of hearings to negotiate the details of a new plan.
In a process known as negotiated rulemaking, 14 people chosen by the Biden administration are meeting for the first of three hearings on student loan relief.
“The HEA gives the Secretary of Education the authority to ‘enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand,’ including Federal student loans,” Kvaal said in his comments.
Those details will be decided after the administration takes input from the negotiators, who meet in a series of sessions scheduled to continue into December.
The administration plans to finalize the new rule sometime next year, but Education Secretary Miguel Cardona has declined to say if it will be in place before next fall’s presidential election.
The paper notes that, when deciding whether to collect on debt, some other federal agencies consider whether it “would be against equity and good conscience,” or if it would “impose financial hardship.”
The original article contains 931 words, the summary contains 175 words. Saved 81%. I’m a bot and I’m open source!