[Congressional Record Volume 169, Number 203 (Monday, December 11, 2023)]
[Senate]
[Page S5886]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                           Student Loan Debt

  Mr. President, now on student debt and the letter we sent, today, I 
sent a letter with several of my Democratic colleagues, including 
Senators Warren, Padilla, and Sanders, to the Secretary of Education 
urging him to continue the Department's expansion of student debt 
relief to working- and middle-class borrowers.
  The Biden administration has already taken historic steps to reduce 
the burden of student loan debt for tens of millions of Americans, but 
following the Supreme Court's cruel ruling blocking student debt 
relief, too many borrowers remain saddled with massive and in many 
cases unbearable amounts of debt. We can and must do more to help these 
borrowers.
  As the Education Department is engaged in the rulemaking process for 
student debt relief, our letter specifically urges the administration 
to, No. 1, eliminate all debt that exceeds the original principal 
balance of the loan; No. 2, provide full cancelation for borrowers who 
have repaid enough to cover their original principal; and No. 3, extend 
relief to borrowers victimized by student loan servicer misconduct or 
error and other commonsense measures to help borrowers.
  I want to thank Senators Warren, Padilla, and Sanders, as well as 
Representatives Pressley, Omar, and Wilson, for their leadership on 
this letter. I look forward to working with the Biden administration to 
make sure relief reaches every borrower in need.