President Joe Biden hasn’t ruled out canceling student loan debt, as progressive lawmakers continue to push for it
President Joe Biden has again extended the pause on student loan repayments until August 31, 2022.
- READ MORE: Federal student loan payment freeze extended through August
Although the latest extension has only reignited pressure for the president to take executive action to forgive student loan debt for millions of borrowers.
Biden recently made the announcement on Wednesday, telling borrowers to use the extension deadline to prepare for repayments starting in September, according to Initiated.
Although he didn’t spend time talking about student loan debt forgiveness, Jen Psaki, the White House press secretary, did mention the hot topic. She said student loan forgiveness was not “out ruled”.
“He didn’t rule it out, but I don’t have any updates on that,” Psaki said. mentioned to a journalist. “And I would note that, again, he would encourage Congress to send him a bill canceling $10,000 in student debt, something he talked about eagerly signing on the campaign trail.”
PSAki also said the administration will “continue to hear” whether the break requires another extension beyond Aug. 31.
Nonetheless, progressive lawmakers continue to push the president to take action to forgive up to $50,000 in student loan debt, with some saying it all.
Senator Bernie Sanders is a supporter of student loan debt cancellation. He recently tweeted, “Cancel student debt. All.”
Rep. Alexandria Ocasio-Cortez also responded to news of another extension to suspend student loan repayments. AOC tweeted on April 5, “I think some people interpret these extensions as good policy, but I don’t think these people understand the panic and mess that it’s causing people to get so close to these deadlines just to extend the uncertainty. It doesn’t have the effect that people think it has. We should cancel them.
Texas Rep. Vicente Gonzalez has taken action and proposed legislation to forgive $25,000 in student loan debt per borrower, saying the lower amount could help gain bipartisan support. González said Initiated “Introducing this bill is partly to draw the attention of the administration to the fact that there is a promise you have not kept, and we expect you to do so.”
One of Biden’s campaign promises was to forgive $10,000 in student loan debt per borrower. Progressive lawmakers continue to push for a larger amount or cancellation of all student loan debt, and Biden has yet to take action. Although his administration has canceled some student debt, eligibility is limited.