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Life Style April 10, 2022 2 mins read

Biden Administration Provides Update on Student Loan Repayments

Life Style ı By Gabrielle Seunagal

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USA Herald

When Joe Biden ran for president in 2020, he committed to ending student loan debts for the countless Americans facing them.

Of course, despite this promise, presidents do not have the power to unilaterally kill student loan debt. This is something Congress would have to do; thus far, not a single lawmaker has introduced any congressional bill to erase student loan debt.

However, since getting into the White House, Biden's put through various moratoriums on student loan repayment deadlines. He's also repeatedly extended these moratoriums as a means of throwing his base a bone.

Nevertheless, many people are still wondering when student loan repayments will finally restart. The White House weighed in on this matter over the weekend.

The Biden administration on student loan repayments

During a Fox News Sunday interview, White House press secretary Jen Psaki faced questions about when the moratoriums on student loans will finally end.

Originally, these moratoriums were put in place due to COVID; however, virtually every other measure due to this virus has ended.

According to Psaki, the Education Department is looking into the matter of restarting student loan payments.

The White House press secretary likewise stated that as the August deadline of the latest moratorium extension gets closer, there will be more reviews into when student loan repayments begin again.

Finally, Psaki claimed that "breathing room" for Americans, along with the state of the economy, will play a role in when moratoriums on student loans reach an end.

Not good news for Biden's base

Many people who voted for Biden did so because they expected he'd make good on his promise of loan forgiveness.

This is especially true of young people. Just this week, a new survey showed that young people's support for Democrats is declining. Student loans have undoubtedly played a role in this.

The news that moratoriums won't last forever is a sure letdown for voters who thought a Biden presidency would relieve them of dues owed to the federal government.

With midterms elections being seven months out, time will tell how much this administration's approach to student loans hurts or helps Democrats.

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Gabrielle Seunagal

Gabrielle Seunagal is a full-time freelance writer, editor, and voice actor, who worked with USA Herald from June 2017 to November 2024. She is passionate about fitness, travel, and combating human rights abuses like human trafficking and child marriage.

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