Americans for Financial Reform’s Senior Policy Analyst Alexis Goldstein released the following statement on Congresswoman Madeline Dean’s Amendment to H.R. 6395, the FY21 National Defense Authorization Act:
“Rep. Dean’s amendment would put borrowers and their families on stronger financial footing and accelerate the economic recovery. Providing up to $10,000 in immediate assistance to pay down a private student loan offers much-needed and long-term relief to the 6 million private student loan borrowers who were left out of the CARES Act entirely.”
The full U.S. House of Representatives will vote on this amendment today.