The pandemic relief, which suspends monthly loan payments and interest for 40 million borrowers, had been set to expire at the end of September
The Biden administration announced Friday that it would extend the pause on federal student loan payments until the end of January following growing pressure from Congressional Democrats, including progressives who want to cancel large swaths of the outstanding debt.
The extension of the relief, which had been recommended to the White House by top Education Department officials, gives the Biden administration more time to decide how it plans to respond to progressive demands that the president take executive action to cancel student debt. broke with progressives last week, telling reporters that she did not believe Biden had the authority to cancel student loan debtThe White House has said it backs $10,000 of loan forgiveness per borrower but has asked the Education and Justice Departments to review whether it has the authority to provide that relief without Congressional approval.
“We can't let preventable crises like this ever happen again,” House Progressive Caucus Chair Pramila Jayapal after the Biden administration announced a new eviction moratorium. “The student loan moratorium ends on September 30, and millions of people won't be able to restart making their payments. Let's act NOW to protect them, before it's too late.”
Some department officials, as well as the student loan servicing companies, worried that the short timeframe would lead to a chaotic transition when the government took the unprecedented step of turning back monthly student loan payments for tens of millions of borrowers at once.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Auto Makers Aim to Boost EV Sales to 40%-50% of U.S. Sales by 2030GM, Ford, Stellantis and other auto makers will aim to make electric vehicles account for 40% to 50% of their U.S. sales by 2030, according to people familiar with the matter
Consulte Mais informação »
Splurge vs Steal: How To Style A Concert T-shirt When You're Over 40Can women over 40 wear concert t-shirts? Yes of course. Here are tips on how to style your tee to look chic and sophisticated.
Consulte Mais informação »
These Are The 40 Products You Need To Buy During The Dermstore Anniversary SaleDid somebody say 25% off?
Consulte Mais informação »
Biden to push for electric vehicles to make up 40% or more of U.S. auto sales by 2030The new target is expected to be supported by companies such as General Motors, Ford Motor, Stellantis and other automakers.
Consulte Mais informação »