Key facts
- Democratic lawmakers are urging the Education Department to cancel student debt for millions of borrowers.
- The call for debt relief is prompted by record-high student loan default rates.
- There is a renewed push to prevent student loan accounts from being transferred to the Treasury.
Democratic lawmakers have renewed their call for the Education Department to enact student debt relief for millions of eligible borrowers. This push comes amid record-high student loan default rates and a push to prevent the transfer of student loan accounts to the Treasury. The lawmakers aim to address the growing crisis of student indebtedness and its impact on borrowers.