Millions of federal student loan borrowers got some unexpected good news this week, as Republican-led plans to make sweeping reforms to federal student loan repayment and loan forgiveness programs have stalled, at least temporarily. Unless Senate Republicans can come up with a solution, key elements of their legislative plans may not survive.
The latest development is associated with budget reconciliation, a complicated legislative process that allows lawmakers to pass legislation with simple majorities in the House and the Senate, effectively bypassing a Senate filibuster (which requires 60 votes to overcome). Because Republicans have only…
Read the full article at FORBES.COM
