Last week, U.S. Sen. Rick Scott, R-Fla., showcased his “Changing Our Learning, Loans, Endowments, and Graduation Expectations (COLLEGE) Act,” which he brought out at the start of August.
Florida Gov. Ron DeSantis on Thursday criticized President Biden’s student loan handout, saying universities should be held accountable instead of the American taxpayer.
While Democrats and philanthropy groups rejoice, Republican leaders call the president's decision to push ahead on the massive plan 'bloated' and 'political'.
US Education Secretary Miguel Cardona said Sunday that Americans can expect a decision from the Biden administration on student loans in the "next week or so" as a pause on federal student loan payments is set to expire on August 31.
The nation’s 40 million student loan borrowers are still waiting on the Biden administration to announce whether they’ll have to resume monthly payments in September.
