Administration Is Engaging in Backdoor Student Debt Cancellation – Committee for a Responsible Federal Budget
On June 18, 2026, the U.S. Department of Education announced it will raise the auto-pay interest-rate incentive to a 1 percentage-point reduction for borrowers who enroll in automatic payments through 2028. The Committee for a Responsible Federal Budget (CRFB) estimates the move will cost at least $5 billion. CRFB president Maya MacGuineas criticized the change … Read more