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Biden Extends Student Loan Repayment Pause

  • #Finance
  • #Education
  • #Financial aid
  • #Colleges & universities
  • #Schools
  • #Verdicts & sentences
  • #Lawsuits
  • #United States of America
story
NOV 2022
Image copyright: conversation
story last updated NOV 2022

The Spin

Republican narrative

Biden's loan-forgiveness plan places an unfair burden on hard-working American tax payers. Surely he can't believe it stands a chance of surviving the numerous lawsuits, or the upcoming scrutiny it will get from a Republican-led House next year. Extending the pause is just a way to make it look like the president is doing all he can to keep the plan alive, even if he promised he wouldn’t extend the payback deadline the last time he pushed it back.

Townhall

Democratic narrative

Student debt relief is still vital to strengthening the middle class. Republicans seemingly either want to keep their constituents in perennial debt, or are afraid of giving Biden a win on this matter. Either way, their lawsuits are all baseless, and this pause extension makes sense because people shouldn’t be asked to pay down a debt that will be totally forgiven in the near future.

AlterNet

Cynical narrative

Borrowers are rightly outraged at this political fight over debt relief, but they shouldn’t be surprised, as neither party seems to want to lawfully make changes to the student-loan industry. And regardless of how this current battle plays out, the nation will be right back at the same level of debt as soon as 2028. Instead of executive orders and rogue actions, solid, cohesive reform legislation are needed from Congress to prevent students from excessively borrowing in the first place.

Newsweek

Public Figures

Joe Biden


Political split

LEFT

RIGHT

How the Supreme Court Could Rule on Student Loan Forgiveness
TimeJUL 2022
Student loan cancellation got blocked. Now what? 3 questions answered
The ConversationJUL 2022
A Legislative Agenda to Fix The Student Loan System | Opinion
NewsweekJUL 2022

More neutral political stance articles

U.S. Department Of Education Announces 8th Extension To The Payment Pause And Interest Waiver
ForbesJUL 2022