Millions will face economic ruin on January 1 as protections for renters and student borrowers expire on December 31.
44 million student loan borrowers across the U.S. are increasingly vulnerable amid the pandemic and economic crisis.
The failed vote comes as a whistleblower alleges that officials killed a loan forgiveness site for being too helpful.
In the present crisis, both congressional action and inaction suggest that its priority is preserving capital.
The CARES Act prohibits the Education Department from seizing the wages and tax refunds of student loan borrowers.
While colleges can tap into a $14 billion emergency relief fund, millions of their alumni will get no relief at all.
The Senate overturned a new rule that would have prevented defrauded students from having their loans forgiven.
Sanders unveiled a fact sheet on how he would finance Medicare for All, a Green New Deal and cancel student debt.
As plans emerge to experiment with income share agreements, critics say they are just a new spin on student debt.
The College for All Act would free up billions of dollars tied up in tuition and student loan payments.