Trump faces renewed push to cancel student debt for eligible borrowers and stop the transfer of accounts to the Treasury

• Democratic lawmakers are pushing the Education Department to deliver student-debt relief to eligible borrowers.
• They also urged the department to continue the pause on involuntary collections and stop the transfer to the Treasury.
• The push comes as student-loan defaults are at a record high.

This push comes less than a month before Trump’s sweeping student-loan repayment overhaul will go into effect on July 1. Many borrowers are preparing for higher monthly payments, some hundreds of dollars more, due to the elimination of the SAVE plan, which would have allowed for cheaper payments and a shorter timeline to debt relief.

Nicholas Kent, the department’s undersecretary, said in a statement that the changes “will ensure students continue to have the access that they need for federal student loans, while helping prevent borrowers from taking on unmanageable debt levels that they may never be able to repay.”

The lawmakers asked that McMahon provide information on the coming changes, including when the department plans to resume involuntary collections and an update on the debt relief backlog.

Have a story to share about student loans? Contact this reporter at asheffey@businessinsider.com.