Author Topic: GOP senators sound alarm over 'windfall' student loan payments to federal workers  (Read 217 times)

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Offline mystery-ak

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October 7, 2022 12:59pm EDT
GOP senators sound alarm over 'windfall' student loan payments to federal workers
Senators probing the Biden admin over a federal employee student loan repayment program that could be costly for taxpayers

By Kelly Laco | Fox News

EXCLUSIVE: A group of Republican senators is sounding the alarm over a program that may refund federal employees thousands of dollars in student loan payments that were never made by these employees, and were instead made by the federal government.

Federal employees are eligible for a popular employment benefit that repays up to $10,000 in student loans each year. This program continued to make those payments during the COVID-19 pandemic, even though the government ordered a pause for all federal student loan payments.

When the pandemic ended, the Department of Education said federal student loan borrowers who continued to make payments during the pandemic would receive a refund for those payments. That refund policy was part of President Biden's push to hand out either $10,000 or $20,000 in student loan debt forgiveness.

The refund raises the possibility that federal employees who had their loans paid off by the government during the pandemic might receive a refund for those payments in the form of a payment made directly to the employees, even though they never made any of those payments themselves.

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https://www.foxnews.com/politics/gop-senators-sound-alarm-windfall-student-loan-payments-federal-workers

   
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