WH: Biden Assessing Options for Student Loan Cancellation

By Susan Jones | August 10, 2022 | 5:44am EDT
Student debtors rally outside the Education Department in Washington on April 4, 2022. (Photo by STEFANI REYNOLDS/AFP via Getty Images)
Student debtors rally outside the Education Department in Washington on April 4, 2022. (Photo by STEFANI REYNOLDS/AFP via Getty Images)

(CNSNews.com) - President Biden paused student loan repayments on his first day in office, and he's extended that pause several times.

But the most recent pause is set to expire at the end of August, when Biden faces a decision: cancel student loan repayments, pause them again, or allow the resumption of payments.

On Tuesday, White House spokeswoman Karine Jean-Pierre responded to a reporter who told her that many borrowers feel like they've been "left in limbo, making it difficult to plan financially."

"I'll say this, and we have been very clear on this," Jean-Pierre said. "Like, the President understands how student loans can affect a family and how the pressure of that can really be a lot and put a lot of weight on a family's economic situation.

"So we understand that. He is going to make his decision on this, and when he has something to say, we will share that."

In response to a second reporter who asked a similar question, Jean-Pierre said there's been no decision yet on whether to pause or cancel:

"So, when it comes to the -- to the pause, I know there's a pause and the cancellation, we haven't made a decision yet. So, I'm just going to go to -- to go to the pause first.

“The Department of Education will communicate directly with borrowers about the end of the payment pause when a decision is made. So, again, no decisions have been made.

"When it comes to the cancellation, look, I just said the president understands firsthand the burden -- the burden that student loan has on families, it puts on families, and we're just going to continue to assess our options for cancellation.

"So, no decisions have been made on that yesterday. And the president has made clear it will -- he'll have something before August 31st."

Reps. Pramila Jayapal (D-Wash.) and Mondaire Jones (D-N.Y.) are among the congressional leftists who repeatedly issue tweets saying, "Today would be a great day to cancel student loan debt."

Here's a sample of recent tweets related to the "cancel student debt" hashtag:

 
 
 
 
 
 
 

 

 

 

 

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