The GOP released its plan to provide a second round of coronavirus relief earlier this week with a subpar plan on student loans that proclaims to simplify federal student loan repayment but provides no relief for student loan debt holders. The proposal comes just two months before protections provided by the CARES Act are set to expire at the end of September.
Despite record levels of unemployment and a tanking economy, the federal government is set to begin collecting payments and interests on federally held student loans by September 30. Republicans introduced a relief bill on July 27 that included a section that aims to streamline and eliminate most federal student loan repayment options available to borrowers.
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