Senate Economic Policy Subcommittee Sets Hearing on Student Loans


/assets/senate-economic-policy-subcommittee-sets-hearing-on-student-loans/capitoldome-web.jpg

Tuesday’s hearing includes American Federation of Teachers president and New York attorney general.

7/23/2021 10:00

Student loan issues are on the agenda for a Tuesday hearing by the Senate Committee on Banking Housing and Urban Affairs Subcommittee on Economic Policy.

U.S. Sen. Elizabeth Warren, chair of the subcommittee, will lead the hearing, “Protecting Student Loan Borrowers and the Economy in Upcoming Transitions,” at 3 p.m. EDT, Tuesday, July 27.

Witnesses include American Federation of Teachers President Randi Weingarten, and New York Attorney General Letitia James, witnesses may be added at a later date.

Two student loan servicers recently ended their contracts with the Department of Education, ACA International previously reported.

Granite State Management and the Pennsylvania Higher Education Assistance Agency (PHEAA) ended their contracts.

With the change in contracts, the Biden administration will need to shift 10 million or more student loan borrower accounts to different loan servicers, Forbes reports.

This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.

The content on this site is presented for educational, general reference, and informational purposes only; is not intended to serve as legal or other advice; is not intended to be a full and exhaustive explanation of the law in any area; and should not replace the advice of your own legal counsel. By continuing to use our site, you are agreeing to the legal disclaimers in our Terms of Use. Review our Terms of Use for more information.

Friendly Reminder

Get continued access to ACA International’s wide array of resources, which can help you become more profitable, compliant and successful.

Renew your membership today to take advantage of tools you won’t find anywhere else:

  • Discounts on seminars, products, services and events
  • Resources to strengthen your compliance department
  • Industry-specific risk management products and services
  • Participation in ACA’s online community, The Hub
    Members-only website content
  • Professional development and training opportunities, and so much more!