Owens, Foxx: Secretary Cardona, Show Us Your Plan

WASHINGTON, D.C. – Today, Higher Education and Workforce Development Subcommittee Chairman Burgess Owens (UT-04) and Education and the Workforce Committee Chairwoman Virginia Foxx (NC-05) sent a letter to Department of Education Secretary Miguel Cardona questioning whether the Department is ready to restart student loan repayments.

In the letter, Reps. Foxx and Owens write: “As you know, on March 20, 2020, the U.S. Department of Education’s (‘ED’) Federal Student Aid began ‘providing temporary relief on [ED]-managed [f]ederal student loans by allowing students to opt into a temporary suspension of loan payments and instituting a 0 percent interest rate.’ The Coronavirus Aid, Relief, and Economic Security Act (‘CARES Act’) extended relief through September 30, 2020, and multiple extensions have been granted since that date. Not quite two years later, on August 24, 2022, the Biden administration announced its massive student debt relief plan which is now the subject of litigation in the U.S. Supreme Court.”

Reps. Foxx and Owens continue: “In addition, a little over four months ago, ED announced that ‘payments will resume 60 days after the Department is permitted to implement the program or the litigation is resolved, which will give the Supreme Court an opportunity to resolve the case during its current Term.’ If the administration’s debt relief plan has not been implemented and the litigation has not been resolved by June 30, 2023, payments will resume 60 days thereafter.”

The members conclude by questioning the Department’s preparedness for the restart of student loan payments:

  • Does ED have a detailed plan for the restart of payments?
  • Has ED shared the plan with student loan servicers?
  • What is the total amount by which the Department has cut servicers compensation since October 1, 2022?
  • How much has been spent to carry out waivers for loan forgiveness programs and the President’s debt relief plan? 

To read the full letter, click here.

###

Recent Posts


Apr 17, 2024
Congress

Owens To Columbia President: Antisemitic “Bigots and Bullies” Should Be Removed From Campus

WASHINGTON – Higher Education and Workforce Development Subcommittee Chair Burgess Owens (UT-04) today participated in an Education and the Workforce hearing titled “Columbia in Crisis: Columbia University’s Response to Antisemitism.”  During the hearing, Rep. Owens pressed Columbia President Minouche Shafik on the university’s response to antisemitic incidents on campus. The experience of Jewish students at […]



Apr 10, 2024
Congress

Owens Exposes Education Department’s FAFSA Failure

WASHINGTON — Higher Education and Workforce Development Subcommittee Chair Burgess Owens (UT-04) led the first hearing on the Department of Education’s failure to launch the Free Application for Federal Student Aid (FAFSA) in a timely and effective manner, resulting in over 18 million students and families who are unable to make financial decisions about their […]



Apr 9, 2024
Congress

Owens Pushes to Update WIOA, Strengthen Workforce Development

WASHINGTON – Congressman Burgess Owens (UT-04), Chair of the Higher Education and Workforce Development Subcommittee, released the following statement after voting to pass the Stronger Workforce for America Act, legislation to make critical updates to the Workforce Innovation and Opportunity Act (WIOA). Specifically, H.R. 6655 expands the amount of skills development provided under the law, […]