Biden facing pressure to extend student loan payment pause

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President Joe Biden is facing mounting pressure to extend a pause on student loan payments after his cancellation plan suffered a pair of legal blows. Advocates say Biden should continue the pandemic-era payment pause until legal issues are resolved.

The freeze has already cost the federal government more than $100 billion in lost revenue, according to the Government Accountability Office. Critics such as the Committee for a Responsible Federal Budget are warning that another extension could worsen inflation and raise the risk of economic recession.

Adwoa Asante, who is eligible for $20,000 in cancellation, said it would be “destabilizing” if her payments restart in January. The 33-year-old Dallas attorney owes $163,000 in law school debt, with monthly bills of up to $2,000. Asante voted for Biden but criticizes him for reaping the benefits of his plan in the midterms only to have borrowers left out in the cold.

If the program is ultimately blocked, he said, “the blowback should go exactly where it deserves, and that’s with this rogue Supreme Court.”

 

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He declared the pandemic is over, so there's no more emergency.

Can I do this on my house mortgage

Nope 👎

No need to cancel student loan debt until youth vote is needed again before the 2024 election

Sounds like a plan.

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