By Alan Wooten | The Center Square
Only 40% of student loan borrowers make payments, and congressional committee leaders from North Carolina and Louisiana said Wednesday the federal report confirms the White House’s efforts to win votes at taxpayers’ expense.
U.S. Reps. Virginia Foxx, R-N.C., and Sen. Dr. Bill Cassidy, R-La., requested the Government Accountability Office analysis because they believed the Biden administration “has repeatedly failed to communicate to borrowers on how to transition to repayment,” a release says. Payments resumed in October 2023 after a 3½-year pause due to COVID-19.
The congressional leaders – Foxx as chairwoman of the House Committee on Education and the Workforce and Cassidy as ranking member of the Senate Committee on Health, Education, Labor and Pensions – say in addition to the January percentage making repayments, another 8 million borrowers in July alone have been placed into forbearance by the Biden administration.