The Biden administration announced Friday that it would extend the pause on federal student loan payments until the end of January following growing pressure from Congressional Democrats, including progressives who want to cancel large swaths of the outstanding debt.
The extension of the relief, which had been recommended to the White House by top Education Department officials, gives the Biden administration more time to decide how it plans to respond to progressive demands that the president take executive action to cancel student debt. broke with progressives last week, telling reporters that she did not believe Biden had the authority to cancel student loan debtThe White House has said it backs $10,000 of loan forgiveness per borrower but has asked the Education and Justice Departments to review whether it has the authority to provide that relief without Congressional approval.
“We can't let preventable crises like this ever happen again,” House Progressive Caucus Chair Pramila Jayapal after the Biden administration announced a new eviction moratorium. “The student loan moratorium ends on September 30, and millions of people won't be able to restart making their payments. Let's act NOW to protect them, before it's too late.”
Some department officials, as well as the student loan servicing companies, worried that the short timeframe would lead to a chaotic transition when the government took the unprecedented step of turning back monthly student loan payments for tens of millions of borrowers at once.
What’s stopping him from canceling it? Did he lose the fancy pen?
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Great. Now do SNAP (food stamps)
🤣
POTUS SenWarren BernieSanders cancel student debt and make college more affordable!
It’s a wrap
Unfortunately it only helps federal loans. FFELP loans have still been incurring interest. cancelstudentdebt for all
If they have the power to pause payments then they can cancel the loans or at least cancel the interest.
cancel student debt