<div class="edu-card" data-widget-id="1" data-cy="edu-card"> <div class="edu-card-banner" data-cy="edu-card-banner"> Advertisement </div> <div class="edu-card-container" data-cy="edu-card-container"> <div class="edu-card-content" data-cy="edu-card-content"> <div class="edu-card-title" data-cy="edu-card-title"> <h1 class="edu-card-title-heading" data-cy="edu-card-title-heading"> UNC Kenan-Flagler’s top-ranked online MBA </h1> <p class="edu-card-title-subheading" data-cy="edu-card-title-subheading"> STEM-designated. Tar Heel ROI. No compromises. </p> </div> <div class="edu-card-content-description" data-cy="edu-card-content-description"> <div class="edu-card-content-description-content"> <p>UNC Kenan-Flagler’s top-ranked online MBA is designed for experienced professionals looking to take their career to the next level. Students have access to lifelong career benefits and a global network of 51,000+ business school alumni. Earn your MBA online in as few as 18 months or up to three years. MBA Fellowships Available.</p> </div> <span class="edu-card-content-description-readmore"> <input type="checkbox" id="edu-card-content-description-readmore-input-1" class="edu-card-content-description-readmore-input" /> <label for="edu-card-content-description-readmore-input-1" class="edu-card-content-description-readmore-label"> <span class="edu-card-content-description-readmore-label-arrow"></span> </label> </span> </div> <a class="edu-card-content-button" target="_blank" href="https://onlinemba.unc.edu/requestinfo/index/">Learn More</a> <span class="edu-card-content-caption"> </span> </div> <div class="edu-card-action" data-cy="edu-card-action"> <picture class="edu-card-picture" data-cy="edu-card-picture"> <img src="https://fortune.com/img-assets/wp-content/uploads/2024/07/UNC2UadCURRENT.png?w=250&amp;h=165" class="" alt=""> <span class="edu-card-picture-label"> </span> </picture> <div class="edu-card-action-cta" data-cy="edu-card-action-cta"> <a class="edu-card-action-button" target="_blank" href="https://onlinemba.unc.edu/requestinfo/index/">Learn More</a> <span class="edu-card-action-caption"> </span> </div> </div> </div></div><script> function checkWidgets() { document.querySelectorAll('.edu-card-content-description-content').forEach((content) => { const readMoreBtn = content.nextElementSibling; if (!readMoreBtn) { return; } if (content && content.clientHeight === content.scrollHeight) { readMoreBtn.style.display = 'none'; } else { delete readMoreBtn.style.removeProperty('display'); } }) } window.removeEventListener('resize', checkWidgets); window.addEventListener('resize', checkWidgets); checkWidgets();</script>

<div class="edu-card" data-widget-id="71" data-cy="edu-card"> <div class="edu-card-banner" data-cy="edu-card-banner"> Advertisement </div> <div class="edu-card-container" data-cy="edu-card-container"> <div class="edu-card-content" data-cy="edu-card-content"> <div class="edu-card-title" data-cy="edu-card-title"> <h1 class="edu-card-title-heading" data-cy="edu-card-title-heading"> The Online MBA From Rice Business </h1> <p class="edu-card-title-subheading" data-cy="edu-card-title-subheading"> Rethink Your Approach to Business </p> </div> <div class="edu-card-content-description" data-cy="edu-card-content-description"> <div class="edu-card-content-description-content"> <p>GMAT waivers are available for the online MBA from Rice Business, ranked a Top-20 Online MBA by U.S. News & World Report. Ranked #1 in graduate entrepreneurship in the U.S. by the Princeton Review for 2024, aspiring entrepreneurs can earn their MBA in as few as 24 months.</p> </div> <span class="edu-card-content-description-readmore"> <input type="checkbox" id="edu-card-content-description-readmore-input-71" class="edu-card-content-description-readmore-input" /> <label for="edu-card-content-description-readmore-input-71" class="edu-card-content-description-readmore-label"> <span class="edu-card-content-description-readmore-label-arrow"></span> </label> </span> </div> <a class="edu-card-content-button" target="_blank" href="https://onlinebusiness.rice.edu/requestinfo/index/">Learn More</a> <span class="edu-card-content-caption"> </span> </div> <div class="edu-card-action" data-cy="edu-card-action"> <picture class="edu-card-picture" data-cy="edu-card-picture"> <img src="https://fortune.com/img-assets/wp-content/uploads/2024/07/Rice2UadCURRENT.png?w=250&amp;h=165" class="" alt=""> <span class="edu-card-picture-label"> </span> </picture> <div class="edu-card-action-cta" data-cy="edu-card-action-cta"> <a class="edu-card-action-button" target="_blank" href="https://onlinebusiness.rice.edu/requestinfo/index/">Learn More</a> <span class="edu-card-action-caption"> </span> </div> </div> </div></div><script> function checkWidgets() { document.querySelectorAll('.edu-card-content-description-content').forEach((content) => { const readMoreBtn = content.nextElementSibling; if (!readMoreBtn) { return; } if (content && content.clientHeight === content.scrollHeight) { readMoreBtn.style.display = 'none'; } else { delete readMoreBtn.style.removeProperty('display'); } }) } window.removeEventListener('resize', checkWidgets); window.addEventListener('resize', checkWidgets); checkWidgets();</script>

<div class="edu-card" data-widget-id="2" data-cy="edu-card"> <div class="edu-card-banner" data-cy="edu-card-banner"> Advertisement </div> <div class="edu-card-container" data-cy="edu-card-container"> <div class="edu-card-content" data-cy="edu-card-content"> <div class="edu-card-title" data-cy="edu-card-title"> <h1 class="edu-card-title-heading" data-cy="edu-card-title-heading"> UNC Kenan-Flagler’s top-ranked online MBA </h1> <p class="edu-card-title-subheading" data-cy="edu-card-title-subheading"> STEM-designated. Tar Heel ROI. No compromises. </p> </div> <div class="edu-card-content-description" data-cy="edu-card-content-description"> <div class="edu-card-content-description-content"> <p>UNC Kenan-Flagler’s top-ranked online MBA is designed for experienced professionals looking to take their career to the next level. Students have access to lifelong career benefits and a global network of 51,000+ business school alumni. Earn your MBA online in as few as 18 months or up to three years. MBA Fellowships Available.</p> </div> <span class="edu-card-content-description-readmore"> <input type="checkbox" id="edu-card-content-description-readmore-input-2" class="edu-card-content-description-readmore-input" /> <label for="edu-card-content-description-readmore-input-2" class="edu-card-content-description-readmore-label"> <span class="edu-card-content-description-readmore-label-arrow"></span> </label> </span> </div> <a class="edu-card-content-button" target="_blank" href="https://onlinemba.unc.edu/requestinfo/index/">Visit Website</a> <span class="edu-card-content-caption"> </span> </div> <div class="edu-card-action" data-cy="edu-card-action"> <picture class="edu-card-picture" data-cy="edu-card-picture"> <img src="https://fortune.com/img-assets/wp-content/uploads/2024/07/UNC2UadCURRENT.png?w=250&amp;h=165" class="" alt=""> <span class="edu-card-picture-label"> </span> </picture> <div class="edu-card-action-cta" data-cy="edu-card-action-cta"> <a class="edu-card-action-button" target="_blank" href="https://onlinemba.unc.edu/requestinfo/index/">Visit Website</a> <span class="edu-card-action-caption"> </span> </div> </div> </div></div><script> function checkWidgets() { document.querySelectorAll('.edu-card-content-description-content').forEach((content) => { const readMoreBtn = content.nextElementSibling; if (!readMoreBtn) { return; } if (content && content.clientHeight === content.scrollHeight) { readMoreBtn.style.display = 'none'; } else { delete readMoreBtn.style.removeProperty('display'); } }) } window.removeEventListener('resize', checkWidgets); window.addEventListener('resize', checkWidgets); checkWidgets();</script>

cat_Other

Low Intent

ptype_Explainer

ptype_News

Sydney Lake

<p>Four House Republicans sent <a href="https://budd.house.gov/uploadedfiles/budd-merrill_doe_loan_cancelation_letter.pdf">a letter</a> to Education Secretary Miguel Cardona on Sept. 8 pressuring him to not allow for mass student debt cancellation without approval from Congress. They also expressed concern about the department’s <a href="https://www.ed.gov/news/press-releases/us-department-education-announces-more-biden-harris-appointees-2">recent appointment</a> of Toby Merrill, the cofounder and former director of the <a href="https://predatorystudentlending.org/">Project on Predatory Student Lending</a>. </p><div class="paywall-selector"></div><div class="paywall">



<p>“Indeed, mass cancellation of student loan debt would not only be a clear violation of the separation of powers but would also be an affront to the millions of borrowers who responsibly repaid their loan balances,” the letter states. Representatives <a href="https://budd.house.gov/">Ted Budd</a>, <a href="https://davidson.house.gov/">Warren Davidson</a>, <a href="https://perry.house.gov/">Scott Perry</a>, and <a href="https://loudermilk.house.gov/">Barry Loudermilk</a> argue that the education secretary has limited power to cancel student debt.</p>



<p>On the other side of the aisle, several <a href="https://fortune.com/education/business/articles/2021/09/07/where-democratic-leadership-in-congress-stands-on-student-loan-forgiveness/">Democratic leaders</a> in Congress are pushing for large-scale forgiveness—to the tune of $50,000 per borrower. Senate Majority Leader <a href="https://fortune.com/education/business/articles/2021/09/01/heres-where-biden-stands-on-student-loan-forgiveness/">Chuck Schumer</a> and Sen. Elizabeth Warren say that Biden has the power to do this through an executive order. During her 2020 presidential campaign, Warren proposed directing the secretary of education to cancel $50,000 of each borrower’s student debt, <a href="https://fortune.com/education/static/9af9ebeca9bd57ad4c30aab3863a8750/student-debt-letter-2.pdf">citing a letter</a> coauthored by Merrill. </p>



<p>The letter from the four House GOP members expressed “concern” over Merrill’s appointment as deputy general counsel at the Education Department. Some saw her appointment as having the potential to tip the scales in favor of more student-debt cancellation.</p>



<p>President Joe Biden, however, isn’t completely on board. He’s only publicly stated support for up to $10,000 in forgiveness. Speaker of the House Nancy Pelosi agrees that Biden does not have the power to cancel student loan debt on his own.</p>



<p>“People think that the President of the United States has the power for debt forgiveness,” Pelosi said during a <a href="https://www.speaker.gov/newsroom/72821-2">press conference</a> in late July. “He does not. He can postpone, he can delay, but he does not have that power.” </p>



<p>Budd, Davidson, Perry, and Loudermilk in their letter specifically ask Cardona not to “usurp the will of the people and the authority Congress has delegated in canceling student debt beyond what the law clearly allows. </p>



<p>“Any deviation from Congress’s clear intention for student loan balances to be repaid, with limited and specific exceptions, would be of grave concern,” the letter states.</p>



<p>Cardona and Biden have already <a href="https://fortune.com/education/business/articles/2021/08/24/biden-administration-forgives-more-student-loan-debt-heres-who-is-eligible/">dissolved $9 billion</a> in student-loan debt, but that’s a very small fraction of outstanding balances; it only amounts to <a href="https://fortune.com/education/business/articles/2021/08/25/this-one-chart-puts-bidens-student-loan-cancellation-into-perspective/">about 1%</a> of all federal student loans. Forgiveness has gone to <a href="https://fortune.com/education/business/articles/2021/08/24/biden-administration-forgives-more-student-loan-debt-heres-who-is-eligible/">targeted groups</a> including Americans with permanent disabilities and borrowers who attended now-defunct institutions. </p>



<p>It remains unclear whether mass debt cancellation will happen anytime soon, but Cody Hounanian, program director at the <a href="https://studentdebtcrisis.org/">Student Debt Crisis Center</a>, anticipates we might see debt forgiveness for public service workers since they’re guaranteed student loan relief under Federal Student Aid’s <a href="https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service">Public Service Loan Forgiveness</a> (PSLF). </p>



<p><em>See how the schools you’re considering fared in </em>Fortune’<em>s rankings of the best <a target="_blank" href="https://fortune.com/education/business/mba/rankings/best-executive-mba-programs-in-2021/" rel="noreferrer noopener">executive</a>,<a target="_blank" href="https://fortune.com/education/business/mba/rankings/best-mba-programs/" rel="noreferrer noopener"> full-time</a></em>,<em> and <a target="_blank" href="https://fortune.com/education/business/mba/rankings/best-online-mba-programs/" rel="noreferrer noopener">online</a> MBA programs.</em></p>



<div class="wp-block-group pro-tip-box-widget"><div class="wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained">
<h3 class="wp-block-heading pro-tip-box-heading">Read more</h3>



<li>Many universities offer <a href="https://fortune.com/education/health/most-affordable-online-msn-nurse-practitioner-programs/">affordable online MSN nurse practitioner programs</a>.</li>
<li>Getting a masters degree doesn’t have to break the bank. Here’s our list of the <a href="https://fortune.com/education/information-technology/most-affordable-masters-in-data-science/">most affordable data science masters degree programs</a>.</li>
<li>Our list of <a href="https://fortune.com/education/information-technology/most-affordable-online-masters-in-cybersecurity/">affordable online masters in cybersecurity programs</a> can help you find the school that best fits your budget.</li>
<li>This directory of the <a href="https://fortune.com/education/business/most-affordable-online-mba-programs/">most affordable online MBA programs</a> is a great resource for those looking for more inexpensive options.</li>
<li>If you’re looking for an online Ed.D. program at a competitive price, check out our list of the <a href="https://fortune.com/education/leadership/most-affordable-online-doctorate-in-education-edd-programs/">most affordable online doctorate in education Ed.D. programs</a>.</li>
</div></div>
</div>

Four Republican House members sent a letter to Education Secretary Miguel Cardona urging him to reconsider his power to cancel student loan debt.

GOP lawmakers urge education secretary to avoid mass student debt cancellation

The U.S. Capitol in Washington, DC, as seen in September 2021.

F-Search

Education

Education Articles

Jasmine Suarez

Business

Republicans urge Education Secretary to reconsider his power to cancel student loan debt.

Fortune earns a commission for purchases made from affiliate partners via some links on our site; other links are not affiliate partner links. <a href='/affiliate-disclosure/'>Click here</a> to read the full Fortune advertiser disclosure and how we earn commissions.

We have independently evaluated the products and services below. We may earn affiliate revenue from links in the content.

Fortune Editors

Fortune Education is designed to be your guide to navigating this new, rich and somewhat overwhelming world of education. Our team of experienced editors is committed to scouring the universe of online offerings in order to rank, rate, provide comparisons and recommend the right solutions for you and your career.

Fortune Education

Uncategorized

homepage

articles

Articles Hub

By Region

By State

By Cost

Career Hub

Health and Wellness

Tech

EDUCATION

GOP LAWMAKERS URGE EDUCATION SECRETARY TO AVOID MASS STUDENT DEBT CANCELLATION

GOP lawmakers urge education secretary to avoid mass student debt cancellation | Fortune Education

Rich Griset

10 free data analytics courses you can take online

https://fortune.com/education/articles/free-data-analytics-courses/?itm_source=parsely-api

Preston Fore

2024 real estate school review: AceableAgent

https://fortune.com/education/articles/real-estate-school-review-aceableagent/?itm_source=parsely-api

Brad Haft

Best health coach certifications for 2024

https://fortune.com/education/articles/best-health-coach-certifications/?itm_source=parsely-api

Brit Morse

A law associate making $300,000 a year at Skadden Arps quit over the firm’s deal with Donald Trump

/article/rachel-cohen-making-300k-year-law-associate-skadden-arps-quit-protest-firms-deal-trump/

Get ready to pay more than $2,000 for a new iPhone: Experts say Trump’s 125% tariff on China is a ‘complete disaster for Apple’ akin to ‘Armageddon’

/2025/04/10/apple-iphone-16-price-complete-disaster-china-trump-tariffs/

It’s about to get a lot harder for job seekers as tariffs are set to make the hiring landscape even more daunting

/2025/04/07/trump-tariffs-labor-market-more-challenging-job-seekers-economists-say/

This company does peer performance reviews—And then lets everyone read each other’s evaluations

/2025/03/24/performance-review-process-company-allows-all-workers-read-garner-health-workplace-culture/

2024 health coach certification review: Catalyst Coaching Institute

/education/articles/health-coach-certification-review-catalyst-coaching-institute/

A guide to a nurse’s salary: Broken down by all 50 states and industry type

/education/careers/nurse-salary/

2024 health coach certification review: Institute for Integrative Nutrition

/education/articles/health-coach-certification-review-institute-for-integrative-nutrition/

10 high-paying public health jobs right now

/education/careers/public-health-jobs/

Jason Del Rey

Is eBay actually sexy again as the ecommerce old-timer’s stock surges to an all-time high?

/2025/07/31/ebay-earnings-live-sports-cards-trading-pokemon/

Erik German

Meet the CIA-backed venture fund behind Palantir, Anduril—and a spy tool that might be on your phone

/2025/07/29/in-q-tel-cia-venture-capital-palantir-anduril/

Dana Hull

Kiel Porter

Bloomberg

Tesla engineering VP Moravy says company in ‘big swing moment’

/2025/07/27/tesla-engineering-vp-lars-moravy-big-swing-moment-musk-robotaxi-optimus-semi/

Christiaan Hetzner

Volkswagen seeks audience with Trump, dangling more than $10 billion in U.S. investments in exchange for tariff exemptions

/2025/07/25/volkswagen-trump-tariffs-exemptions/

Whether you’ve just completed your undergraduate degree or you are a professional with years of experience, Fortune is here to guide you on the next step of your educational journey.

GOP lawmakers urge education secretary to avoid mass student debt cancellation

About the Contributors

Top Articles

10 free data analytics courses you can take online

2024 real estate school review: AceableAgent

Best health coach certifications for 2024

UNC Kenan-Flagler’s top-ranked online MBA