Deadline looms for Public Service Loan Forgiveness

While the revamped public service loan forgiveness program and the new general debt cancellation have given many college grads hope, Rep. Bonamici said lawmakers are working to prevent future borrowers from incurring massive debt for a degree.

"We're working on college affordability. A lot of what we're talking about today is a short-term solution, but we need long-term solutions as well, and we're working on that in the Education and Labor Committee," Bonamici said.