The pause on student loan payments was set to end in February of 2022 and Biden supported it, but it made the far left members of the squad angry, so he ended up caving and changing his mind.
Now the new date for the end of the pause is May 1st.
Over the next six months, the far left will try to convince Biden to make it permanent. Just watch.
CBS News reports:
Biden extends pause on student loan repayments through May 1
President Joe Biden has extended a pause on student loan repayments an additional 90 days through May 1, 2022, the White House announced Wednesday.
Those with student loans had been scheduled to begin repayments on February 1. Although unemployment is relatively low, the president said, many are still struggling with the economic fallout from the pandemic.
“Now, while our jobs recovery is one of the strongest ever — with nearly 6 million jobs added this year, the fewest Americans filing for unemployment in more than 50 years, and overall unemployment at 4.2 percent — we know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” Mr. Biden said in his statement announcing the extension.
The pause on payments has affected 41 million Americans, according to the White House.
Members of the squad weren’t the only Democrats pushing Biden on this, but they led the charge.
Let’s stop advancing this narrative that student loan debt is for the privileged.
Do we really think a billionaire’s child is taking out student loans?
First-generation college students are twice as likely to report they are behind in making student loan payments. pic.twitter.com/KyGnrJCjNq
— Rep. Alexandria Ocasio-Cortez (@RepAOC) December 3, 2021
Rep. @RashidaTlaib: "I worked full time, Monday through Friday, and took weekend classes to get my law degree. And still, close to $200,000 in debt. And I still owe over $70,000 and most of it was interest." pic.twitter.com/STGxo70JlS
— The Hill (@thehill) December 5, 2021
President Biden can cancel student debt with the stroke of a pen.
It’s that simple.
He should use his authority and provide millions with desperately needed relief.
— Ilhan Omar (@IlhanMN) December 16, 2021
This is welcome news and would absolutely be the right call.
Extending the pause will help millions of borrowers and their families weather this ongoing pandemic.@POTUS must extend this critical lifeline & #CancelStudentDebt with the stroke of a pen. https://t.co/K5TFvcSzOu
— Ayanna Pressley (@AyannaPressley) December 21, 2021
What’s next? A pause on car loan payments? Mortgages?