WASHINGTON, April 21 -- Sen. Jeff Merkley issued the following press release:
Today, Oregon's U.S. Senator Jeff Merkley, Virginia's U.S. Senator Tim Kaine, Massachusetts' U.S. Senator Elizabeth Warren, and Rhode Island's U.S. Senator Sheldon Whitehouse led a group of their Senate Democratic colleagues in pressing the U.S. Department of Education on its recent announcement to move more than 7 million borrowers enrolled in the Savings on a Valuable Education (SAVE) Plan to another repayment program within 90 days, forcing millions of student loan borrowers to incur drastically higher monthly student loan bills.
"We are extremely concerned that the Department's decision to force SAVE borrowers who do not take action in time into the Standar...