'This pause extension is necessary, but also the bare minimum. What 45 million borrowers truly need is a Biden administration that won't allow fringe lawsuits and right-wing courts to undermine economic relief that's already been approved.'
"This pause extension is necessary, but also the bare minimum," said one activist."What 45 million borrowers truly need is a Biden administration that won't allow fringe lawsuits and right-wing courts to undermine economic relief that's already been approved."Student debt relief campaigners on Tuesday welcomed U.S.
Stressing that"it isn't fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments" while waiting on a court ruling, the president explained that Education Secretary Miguel Cardona is extending the freeze to no later than June 30, 2023. Payments would restart 60 days later.in August, Biden's plan would cancel up to $10,000 in debt for federal borrowers with incomes below $125,000 for individuals or $250,000 for households.
Student Borrower Protection Center executive director Mike Pierce similarly stressed that"this extension means that struggling borrowers will be able to keep food on their tables during the holiday season—and the coming months—as the administration does everything it can to beat back the baseless and backward attacks on working families with student debt."
"The baseless political lawsuits attacking the administration's relief policies could not come at a worse time as corporate greed continues to drive up prices and the economy heads towards a recession," she continued."As President Biden prioritizes average Americans in this moment of economic uncertainty, conservative judges and politicians are doing all they can to protect the bottom line of greedy special interests.
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