Under pressure from progressives, Biden extends pause on student loan repayments

0
249

As the Democratic fissure on the student loan crisis continues to widen, the White House announced on Wednesday that it plans to extend the freeze on student loan repayments due to the pandemic. 

Originally set to resume on February 1, 2022, loan repayments that had been paused since the start of the pandemic are now scheduled for May 1. 

President Joe Biden’s campaign promise was to sign a bill forgiving debt but Congress has long been stymied on the issue. 

House Speaker Nancy Pelosi, D-Calif., recently argued that Biden lacks the power to cancel student debt – a claim that progressives in Congress actively dispute. “People think that the President of the U.S. has the power for debt forgiveness, he does not,” Pelosi told reporters during the summer: “He can postpone, he can delay, but he does not have that power. That had to be an act of Congress.”

But…

Read more…

LEAVE A REPLY

Please enter your comment!
Please enter your name here