Elizabeth Warren wants Biden’s Education Department to go beyond broad student-loan forgiveness and crack down on the institutions that cause borrowers’ debt loads to spiral

Insider

Ayelet Sheffey

March 27, 2023

• Sen. Elizabeth Warren sent a letter to the Education Department with recommendations to better protect student-loan borrowers.

• She urged stronger oversight on for-profit institutions that engage in predatory behavior.

• She also recommended oversight for OPM providers, and quick implementation of the gainful employment rule.

As millions of student-loan borrowers wait for debt relief, Sen. Elizabeth Warren wants to make sure President Joe Biden isn’t letting protections for those Americans fall off his radar.

On Monday, the Massachusetts Democrat sent a letter to Education Secretary Miguel Cardona — exclusively viewed by Insider — regarding efforts the department should take to ensure borrowers are protected from predatory behavior. After Biden announced up to $20,000 in student-debt relief for federal borrowers in August, he also outlined steps the department will take to hold potentially predatory programs accountable for actions that could load students up with debt, and Warren has some ideas on how to enforce that oversight.

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