This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
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Rubio Introduces Bill Providing Automatic Student Loan Deferments to Survivors of Terrorist Attacks
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) is today introducing the Terrorism Survivors Student Loan Deferment Act, legislation that would allow survivors of terrorist attacks to receive automatic deferments of their student loan payments. Although survivors of the Pulse attack in Orlando may currently be eligible for some relief, the extreme nature of their circumstance is not automatically recognized. Rubio’s bill would grant the U.S. Department of Education the authority to provide automatic federal student loan deferments to any survivor of a terrorist attack.
“In the aftermath of the June 12th terrorist attack at Pulse nightclub, my office assisted one young man whose injuries may prevent him from pursuing his career and made it difficult for him to make his student loan payments on time,” said Rubio. “Initially, he worried he might never be able to get his career on track, and thought about requesting full loan forgiveness. But as a testament to his resilience and determination, he has reconsidered and set out to continue on his path. Instead of loan forgiveness, he simply asked for a delay of when his payments become due, and my office stepped in to help with the process.
“Unfortunately, existing law does not automatically recognize an extraordinary situation like this, where giving survivors some time to regroup and delay their payments should be commonsense,” Rubio continued. “My bill would change that, and I hope we can get it passed this year because the last thing anyone who survives a terrorist attack needs is to have to jump through a bunch of hoops in order to get their life back on track.”
Rubio’s Terrorism Survivors Student Loan Deferment Act would:
- Not count against the typical three-year maximum deferment allowance, but would provide a one-year pause for victims so they can either get back on their feet or pursue further deferment or forbearance.
- Direct the U.S. Secretary of Education to establish anti-fraud protections.
- Apply to borrowers of Federal Direct Loans under part D, older part B loans and Perkins Loans.
- Designate the federal agency in charge of investigating the terrorist attack as responsible for identifying those affected as victims.