A new bill will write-off student debt in the United States
During this coronavirus pandemic health care workers have been the worlds ‘superheroes’ and that is why in the US lawmakers want to wipe their student loans.
On Tuesday a new bill was introduced in Congress to write-off student loan debt for many medical professionals working on the front line amid the coronavirus pandemic. The bill called Student Loan Forgiveness for Frontline Health Workers Act and was introduced by congresswoman Carolyn Maloney.
Students who decide to go into the medical field are those with the highest debt but since they have been risking their lives during the Covid-19 pandemic and Congress are keen to assist them at this complicated time.
If this bill passes it will forgive borrowers’ federal and private loans taken out to receive a medical degree and training. Maloney said there is an "obligation to ensure that they are relieved of the debt they incurred to train for this critical work."
“Health care workers are worrying about their own health and how it will affect their families. They should not have to worry about their financial security after the crisis has passed. That is a burden that we can lift right now. And this bill will do that,” added Maloney.
This bill has no cap or limits on the kind of loans that could be forgiven because the Class of 2019 medical student is around $200,000. Also Senator Mitt Romney proposed a ‘Patriot Pay’ program to give essential workers a raise which it is still not been approved.
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