"Due to the crushing nature of thecrisis and the fact that millions of workers and families have already had to wait in economic limbo for nearly a year as partisan lawsuits blocked transformative relief in court, we urge you to continue the necessary work to deliver on your promise of up to $20,000 in student debt relief and enact your new debt relief plan as swiftly as possible," 179 groups, led by Student Borrower Protection Center,"The Supreme Court's decision to ignore...
The coalition warned that"while the administration has announced notable steps to mitigate the harshest economic consequences for borrowers—including shielding borrowers from negative credit reporting, delinquencies, and defaults should they fall behind—restarting the fundamentally broken student loan system without first delivering on the relief promised to borrowers remains a grave mistake, and will only exacerbate already dire economic situations for millions of American households.
Student loan payments for federal borrowers were initially halted under former President Donald Trump, in response to the start of the Covid-19 pandemic. The Trump and Biden administrations repeatedly extended the pause over the past few years. Following the recent court ruling, interest is set to resume on September 1 and payments will be due starting in October.
Policies on student debt are widely expected to influence next year's presidential and congressional elections. Biden—who