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Foxx Reacts to Biden’s Student Loan Servicing Plans

Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement regarding the Education Department’s plans to overhaul the nation’s student loan servicing:

“This is yet another sign the Department does not have a cohesive, workable plan for the future of student loan servicing. Over the last five years, the Department has continually changed its directions while setting out unworkable goals and timelines that were ultimately never accomplished. I encourage the Department to think carefully about how this plan would work in practice and coordinate with its partners to ensure a borrower-centered servicing experience.”


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