"Political Parties Propose Plans to Address Student Loan Debt Crisis"

House Republicans have introduced the Federal Assistance to Initiate Repayment (FAIR) Act, which would provide targeted student loan relief for borrowers who have already paid back more than they originally owed taxpayers in principal and interest, streamline several existing income-driven repayment plans into one system, and give defaulted borrowers another chance to rehabilitate their loans. The legislation would also require the Department of Education to notify student loan borrowers at least 12 times before repayments resume. Meanwhile, a group of Senate Republicans led by Sen. Bill Cassidy, R-La., introduced their own student debt-focused legislation Wednesday.