A group of Republican lawmakers put forth a proposal on Thursday that it says would relieve student debt crisis without using taxpayer dollars to fund a massive debt forgiveness program.
The Responsible Education Assistance Act would limit the amount of interest borrowers could accumulate on federal student loans to help them more effectively pay back their loans. Rep. Virginia Foxx (R., N.C.), who co-sponsored the bill with Reps. Elise Stefanik (R., N.Y.) and Jim Banks (R., Ind.), said the bill will help in-need Americans without shifting debt onto taxpayers.
Limit the amount of interest the ((( bankers ))) can collect? They'll never allow this to pass the House.
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A group of Republican lawmakers put forth a proposal on Thursday that it says would relieve student debt crisis without using taxpayer dollars to fund a massive debt forgiveness program.
>
The Responsible Education Assistance Act would limit the amount of interest borrowers could accumulate on federal student loans to help them more effectively pay back their loans. Rep. Virginia Foxx (R., N.C.), who co-sponsored the bill with Reps. Elise Stefanik (R., N.Y.) and Jim Banks (R., Ind.), said the bill will help in-need Americans without shifting debt onto taxpayers.
Limit the amount of interest the ((( bankers ))) can collect? They'll never allow this to pass the House.
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