“The resolution of the debt ceiling crisis is one we wholeheartedly welcomed and we appreciate all that went into debt ceiling negotiations. However, we are disappointed that the needs of Black communities have suffered from the negotiated agreement that will erode economic progress for Black Americans,” Wisdom Cole, the NAACP’s national director of youth and college, and Derrick Johnson, the group’s president, say in the letter.
Biden has said providing student debt relief is one of his administration’s key priorities. He extended a Trump administration policy that allowed federal student loan holders to forgo payments without being penalized, and he issued several last-minute extensions. He has alsoBut as part of the Fiscal Responsibility Act of 2023, the legislation that resulted from Biden’s deal with McCarthy, R-Calif., the president agreed to end the freeze on payments at the end of August.
In the letter to the White House, Cole and Johnson said they were concerned that an upcoming Supreme Court decision could imperil Biden’s larger initiative to forgive student loan debt and called on him to take action. Biden’s plan has been blocked since the 8th U.S.