WASHINGTON The Senate today narrowly voted to block congressional student debt relief in the Congressional Review Act. Invoking the CRA also threatens a promise owed to our nations public service employees through the Public Service Loan Forgiveness program. Since 2021, more than 615,000 educators and public service workers have received PSLF, equating to more than $42 billion in loan forgiveness. This CRA would unwind the pause on federal student loan payments and could even reinstate 157,000 loans forgiven through the PSLF program. Loan balances would rise with the addition of accumulated payments and interest, creating further economic hardship for borrowers and families already struggling to make ends meet.
The following statement c…
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