White House Faces Political Pressure to Extend Pause in Student Loan Payments

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Allowing payments to resume, some Democrats argue, could come at a political cost for the party as it tries to defend its slim majorities in the House and the Senate.

A White House official said Friday that the administration didn't have"any decisions to preview yet" about the payment pause but stressed that Americans haven't been required to"pay a single dime" in federal student loans since Biden took office.

62% of student loan borrowers who responded to a survey said their debt was negatively impacting their mental health, according to polling firm Momentive. To find out if there's light at the end of the tunnel we talked to student financial planner Mark Kantrowitz on whether that debt might be forgiven, and what President Joe Biden can do about it.

 

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