WASHINGTON, April 27 -- Sen. Sheldon Whitehouse issued the following press release:
U.S. Senators Sheldon Whitehouse (D-RI), Jeff Merkley (D-OR), Tim Kaine (D-VA), and Elizabeth Warren (D-MA) joined a group of their Senate Democratic colleagues in pressing U.S. Secretary of Education Linda McMahon on the Department of Education's recent announcement to move more than seven 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 Standard Plan or the new T...