President Joe Biden announced Tuesday that his administration will extend the pause on federal student loan payments while the White House fights a legal battle to save his plan to cancel portions of the debt.
“It isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit,” Biden said in a video posted on Twitter.
The moratorium was slated to expire Jan. 1, a date that Biden set before his debt cancellation plan stalled in the face of legal challenges from conservative opponents.
Now it will extend until 60 days after the lawsuit is resolved. If the lawsuit has not been resolved by June 30, payments would resume 60 days after that.
The Justice Department last week asked the Supreme Court to examine the issue and reinstate Biden’s debt cancellation plan.
(AP)
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4 Responses
So he’s blatantly thumbing his nose at the law. There is no statutory authority for him to do this, but he doesn’t care. The purpose of the pause was to buy votes; now that the midterms are over he doesn’t really care how it turns out.
I have a 10,000 bias in this issue. Hoping it will happen!
Milhouse – It’s been paused since Trump paused it during Covid. It wasn’t controversial then, and it shouldn’t be now.
And despite all of the detractors, and despite being the only country in the world to burden people with so much debt so young, the us hasn’t collapsed because of the pause.
jdf007:
The country doesn’t burden anyone with any debt. University attendance is not mandatory.
For those who do wish to attend universities, there are a wide variety of schools from which to choose, some of which charge a very reasonable tuition, especially for in-state students.