Marco Rubio introduces bipartisan student loan bill


Florida Sen. Marco Rubio (R) has a plan to solve one of student debt's most pressing issues.
In conjunction with Sen. Mark Warner (D-Va.), Rubio has introduced a bipartisan bill into the Senate to help solve America's student loan crisis. The Dynamic Repayment Act would ensure students face reasonable monthly payments and eliminate most defaults.
The bill would enroll all federal loan borrowers into a program where they paid 10 percent of earnings each month toward student loan repayment, with a $10,000 annual exemption. The U.S. government would take the money directly from workers' paychecks. Borrowers would also have the option to opt out and prepay their loans without penalty, if they preferred.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Additionally, the bill would forgive up to $57,500 of loans after 20 years, and loans greater than that amount would be forgiven after 30 years.
"Our current loan repayment system often turns what should be reasonable debts into crippling payments," Rubio and Warner told Bloomberg News. "Some graduates find they are forced to work multiple jobs, often in fields they didn't train for, simply to avoid defaulting on student loans... No one should be forced to go broke because they choose to go to college."
By wading into the student loan issue, which has recently been a Democratic concern, Rubio may gain favor with younger voters, a crucial target base for the GOP.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
-
Today's political cartoons - March 30, 2025
Cartoons Sunday's cartoons - strawberry fields forever, secret files, and more
By The Week US Published
-
5 hilariously sparse cartoons about further DOGE cuts
Cartoons Artists take on free audits, report cards, and more
By The Week US Published
-
Following the Tea Horse Road in China
The Week Recommends This network of roads and trails served as vital trading routes
By The Week UK Published
-
New Mexico to investigate death of Gene Hackman, wife
speed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
By Peter Weber, The Week US Published
-
Giant schnauzer wins top prize at Westminster show
Speed Read Monty won best in show at the 149th Westminster Kennel Club dog show
By Peter Weber, The Week US Published
-
Beyoncé, Kendrick Lamar take top Grammys
Speed Read Beyoncé took home album of the year for 'Cowboy Carter' and Kendrick Lamar's diss track 'Not Like Us' won five awards
By Peter Weber, The Week US Published
-
The Louvre is giving 'Mona Lisa' her own room
Speed Read The world's most-visited art museum is getting a major renovation
By Peter Weber, The Week US Published
-
Honda and Nissan in merger talks
Speed Read The companies are currently Japan's second and third-biggest automakers, respectively
By Peter Weber, The Week US Published
-
Taylor Swift wraps up record-shattering Eras tour
Speed Read The pop star finally ended her long-running tour in Vancouver, Canada
By Peter Weber, The Week US Published
-
Drake claims illegal boosting, defamation
Speed Read The rapper accused Universal Music of boosting Kendrick Lamar's diss track and said UMG allowed him to be falsely accused of pedophilia
By Rafi Schwartz, The Week US Published
-
'Wicked' and 'Gladiator II' ignite holiday box office
Speed Read The combination of the two movies revitalized a struggling box office
By Peter Weber, The Week US Published