Third Way Statement on Student Loan Pause CRA
WASHINGTON — Third Way released the following statement from Lanae Erickson, Senior Vice President for Social Policy, Education & Politics:
“This week, the House will vote on a Congressional Review Act (CRA) measure that would overturn the pause on student loan repayment and interest accrual dating back to October 2022. Regardless of your stance on the Administration’s debt cancellation actions, voting in favor of this resolution would be a slap in the face to borrowers—blindsiding them by immediately rolling back eight months of interest benefits they’ve already received and sticking them with higher balances owed.
“There’s plenty Congress can do to fix the system and prepare for a smooth return to repayment. This CRA does the exact opposite, increasing debt and setting borrowers up to fail. Members of the House should do right by borrowers and vote against it.”