Sen. Whitehouse advocates for student loan forgiveness due to pandemic

Washington-DC

WASHINGTON (NEXSTAR) ─ Tens of millions of Americans are out of work because of the coronavirus pandemic, leaving many unable to continue paying off their student loans.

Sen. Sheldon Whitehouse, D-Rhode Island, has introduced legislation that will hopefully ease that burden and allow qualified borrowers to erase their debt.

The Medical Bankruptcy Fairness Act would provide relief to those who have lost significant income or have accrued high medical expenses due to COVID-19.

Whitehouse said the last thing Americans who have been bankrupted by COVID-19 medical expenses should have to worry about is repaying their student loans.

“My bill tries to remedy those problems, at least partially,” Whitehouse said. “This intersects basically two issues ─ the issue of medical bankruptcy and the issue of student loans, so that those who have a medical bankruptcy can undo their student loans.”

While Democrats hope to provide relief to student loan borrowers in the next COVID-19 relief package, Republicans are only on board to a point.

Sen. Lindsey Graham, R-South Carolina, said he’s willing to allow borrowers to delay their student loan payments.

“If you don’t have a job you can’t pay a loan,” he said. “They’re not working as much as they used to, they’ve had healthcare bills they didn’t have before. So I’m a practical guy, I want to help people.”

The CARES Act passed in March paused student loan payments until the end of September. Sen. Mike Rounds, R-South Dakota, said he believes the next relief package should include something similar as opposed to student loan debt forgiveness.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Coronavirus News

More Coronavirus

Trending Stories

Your Local Election HQ

More Election

Local Sports

Seymour's Jon Murphy retires after 33 seasons

Fond du Lac blanks Booyah, 9-0

FVA to have conference only slate for fall sports

Midwest Conference and NACC postpone sports until 2021

WIAC cancels fall sports championships due to pandemic

Preble grad Wagner making up for lost time with Booyah