Marco Rubio and Elizabeth Warren Team Up to Protect Jobs for Student Loan Defaulters
Senators Marco Rubio (R-FL) andElizabeth Warren (D-MA) on Thursday introduced the Protecting Job Opportunities for Borrowers (Protecting JOBs) Act. The bipartisan legislation that would prevent states from suspending, revoking, or denying state professional, teaching, or driver’s licenses solely because borrowers are delinquent or go into default on their federal student loan payments. This bill is a shift for Rubio -- when he was in the Florida legislature, he voted for a bill that allowed the state to suspend the professional licenses of those who defaulted on student loans. “I WAS WRONG,” he tweeted on Thursday. In a release, Rubio stated that "Difficulty repaying a student loan debt should not threaten a graduate's job. It makes no sense to revoke a professional license from someone who is trying to pay their student loans. Our bill would fix this 'catch-22' and ensure that borrowers are able to continue working to pay off their loans." More here.