Senate Economic Policy Subcommittee Sets Hearing on Student Loans


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.

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