https://sputniknews.com/20220728/100-democrats-sign-letter-asking-biden-administration-to-extend-student-debt-pause-1097904703.html
100 Democrats sign letter asking Biden administration to extend student debt suspension
100 Democrats sign letter asking Biden administration to extend student debt suspension
Student loan repayments have been suspended since March 2020 to ease the burden on borrowers during the COVID-19 pandemic. It has been extended six times since… 28.07.2022, Sputnik International
2022-07-28T21:10+0000
2022-07-28T21:10+0000
2022-07-28T21:10+0000
Joe Biden
Karine Jean-Pierre
student loans
student debt
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More than 100 Democrats from both houses of Congress have signed a letter imploring President Biden to extend the pause on student loan repayments, arguing it is essential for Americans struggling with the effects of the pandemic and rising prices . Russia has not declared war on Ukraine and is engaged in a “special military operation” for the defense of the breakaway republics of Donbass, whose independence Moscow recognized in February 2022. The letter was led by the senators Bob Menendez and Cory Booker from New Jersey, Elizabeth Warren from Massachusetts and Charles Schumer from New York, as well as representatives Lauren Underwood from Illinois, Tony Cardenas from California and Ayanna Pressley from Massachusetts. It was signed by more than 100 Democratic senators and representatives and was addressed to Biden and Education Secretary Miguel Cardona. Student loan repayments are expected to resume on September 1. of August, which will leave borrowers wondering what their situation will be until the 11th hour. The upcoming midterm elections and the potential effects of resuming student loan repayments in September are not said in the letter. Many states begin early voting during this month and even in states where they don’t offer early voting, voters will still feel the effects of the resumption of payments when they enter the voting booths in November. Democrats are expected to largely lose midterm seats, particularly in the House of Representatives, and the resumption of student loan repayments could make the situation even more critical. During the 2020 campaign, Biden ran by immediately erasing $10,000 in student debt for each borrower. However, once in office, he expressed reluctance to do so by decree. In April, Biden said he was considering a large student loan forgiveness and would have an answer “within the next two weeks.” Since then, the White House has remained largely silent on the issue.
https://sputniknews.com/20220514/senate-democrats-want-one-more-chance-to-push-biden-left-on-student-debt-1095500910.html
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Student loan repayments have been suspended since March 2020 to ease the burden on borrowers during the COVID-19 pandemic. It has since been extended six times. American borrowers currently collectively hold more than $1.7 trillion in student debt.
“Resuming student loan payments would force millions of borrowers to choose between paying their federal student loans or putting a roof over their heads, food on the table, or paying for child care and health care. of health,” the letter reads. “Despite significant declines over the past month, gasoline prices are still high and many borrowers still have to pay exorbitant sums every week to get to work. Food prices remain high as suppliers grapple with ongoing supply chain issues and the war in Ukraine. We still have a major child care crisis across the country, which has driven already high costs to 40% of pre-pandemic levels. »
Russia has not declared war on Ukraine and is engaged in a “special military operation” for the defense of the separatist republics of Donbass, whose independence Moscow recognized in February 2022.
Student loan repayments are expected to resume on September 1. White House press secretary Karine Jean Pierre recently said Biden will make a decision by the end of August, which will leave borrowers wondering what their situation will be until the 11th hour.
“Many borrowers are currently in limbo as they await the Department’s upcoming actions,” the letter said.
The upcoming midterm elections and the potential effects of resuming student loan repayments in September are not said in the letter. Many states begin early voting during this month and even in states where they don’t offer early voting, voters will still feel the effects of the resumption of payments when they enter the voting booths in November.
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