More than 60 Democratic lawmakers, led by Sen. Elizabeth Warren (D-Mass.), urged Education Secretary Linda McMahon on Sunday to provide student debt relief to eligible borrowers and halt plans to transfer defaulted student-loan accounts to the Treasury Department.
The lawmakers said 7.7 million borrowers were in default at the end of 2025, while another 3 million were delinquent. They argued that recent student-loan policy changes could push more borrowers into financial distress.
“The Trump administration’s failure to meaningfully address the default crisis has raised Americans’ costs and tanked borrowers’ ability to access credit,” the lawmakers wrote, according to the report.
“It is unacceptable that debt cancellation that…