Lawmakers Respond to Biden’s New Student Debt Rule

In April, the Education Department published a rule that would codify Biden’s latest attempt to address student loan debt. It seeks to forgive unpaid interest for some 25 million Americans who now owe more on their loans than they originally borrowed. The rule also could help millions of borrowers who’ve carried their debts for decades and those who would have qualified for existing federal programs, but failed to enroll in them. Here’s what lawmakers on Capitol Hill have to say about it: