'We are committed to fixing a broken system,' Education Secretary Miguel Cardona said in a statement. 'If a borrower qualifies for student loan relief, it shouldn't take mountains of paperwork or a law degree to obtain it.'
. But political and legal battles have led to a backlog of more than 200,000 applications, with some borrowers waiting years for a decision.
In a change of policy, the Biden administration also hopes to hold more colleges financially liable for their students' canceled loans. In the past, loan cancellation has typically been passed to taxpayers, but the proposed rules would make it clear that the department plans to recoup costs from colleges that commit fraud.
"Today's proposed rule sends a clear and troubling message that the Department intends to use the rulemaking process to discharge federal student loans en masse while hurting unfavored institutions and their students," Altmire said., which was created by Congress as an incentive for government and nonprofit workers but has been criticized for having overly rigid requirements.
For the first time, borrowers in certain situations could also make progress toward loan forgiveness even if they don't pay. Those who get their loans paused for cancer treatment, military service or to join the Peace Corps, for example, would be treated as if they were still making monthly payments during that time.
More flexibility would also be added for a separate program intended to help borrowers with disabilities.
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