Biden admin will reportedly prolong student loan repayments moratorium through August



The Biden administration will extend the student loan payment moratorium through August 31, according to reports.

Payments are currently slated to restart after May 1, but pushing the deadline back again will allow debtors to avoid paying off their loans for several extra months.

While the Biden administration has kept the moratorium alive by making extensions, Republican President Donald Trump previously extended the moratorium during his time in office as well.

GOP Sen. Virginia Foxx of North Carolina issued a blistering statement rebuking Biden over the reported plans to prolong the loan repayment moratorium again.

"Taxpayers have been footing the student loan bill for graduate students and Ivy League lawyers to the tune of $5 billion every month while their wallets are being drained by skyrocketing inflation. The arrogance of this administration is astonishing, and the disrespect to our democratic system and the oath of office President Biden took to the American people, over half of which do not benefit from holding a college degree, is outright despicable," Foxx said in the statement.

.@virginiafoxx, top Republican on House ed cmte, calls WH extension of payment pause "outrageous" -- says its disrespectful to taxpayers and Americans who don't have student loan debt:pic.twitter.com/VcmhlpwnpG
— Michael Stratford (@Michael Stratford) 1649185222

Many Democrats were pleased by the news, but continued calling upon the administration to cancel student debt.

"Welcome news. Now #CancelStudentDebt," Rep. Ayanna Pressley of Massachusetts tweeted.

In a March 31 a letter to President Joe Biden, a group of lawmakers had called for extending the moratorium until the end of the year and for cancelling student debt.

"We are writing to urge you to act now to extend the pause on federally-held student loan payments until at least the end of the year and to provide meaningful student debt cancellation," the letter said. "Although there may be different ideas about the best way to structure cancellation, we all agree that you should cancel student debt now."

AOC pleads with Biden to cancel more student debt ahead of the 2022 midterm elections



U.S. Rep. Alexandria Ocasio-Cortez (D-N.Y.) urged President Joe Biden to pursue student loan debt cancelation. She told the New Yorker that she believes that student debt forgives is crucial if the Democrats are to have “any chance” in the 2022 midterm elections, Newsweek reported.

AOC told the New Yorker that the Biden administration’s “hesitancy” on the issue of the growing student debt crisis has a demoralizing effect on a voting bloc that Democrats across the country rely upon, Newsweek said.

She told the outlet, “I can’t underscore how much the hesitance of the Biden administration to pursue student-loan cancellation has demoralized a very critical voting block that the President, the House, and the Senate need in order to have any chance at preserving our majority.”

The congresswoman suggested that Biden had “a reluctance to use executive power” and that he “has not been using his executive power to the extent that some would say is necessary.”

She said, “One of the single most impactful things President Biden can do is pursue student-loan cancellation. It is entirely within his power.”

“This really isn’t a conversation about providing relief to a small, niche group of people,” AOC continued. "It’s very much a keystone action politically. I think it’s a keystone action economically as well.”

Some of AOC’s congressional colleagues in the U.S. Senate, like Elizabeth Warren (D-Mass.) and Chuck Schumer (D-N.Y.), have also urged the president to cancel up to $50,000 in student loan debt through an executive order.

This past December, Rep. Ayanna Pressley (D-Mass.), AOC’s colleague in the far-left “Squad,” referred to existing student debt policy as “violence.”

Let\u2019s make it plain: student debt is policy violence.\n\nWe\u2019ll keep fighting to relieve families across the country, to make sure our policies & budgets reflect their lived experiences & that we build this grassroots movement to #CancelStudentDebt together
— Ayanna Pressley (@Ayanna Pressley) 1639753338

While on the 2020 campaign trail, then-candidate Biden promised to cancel at least five figures of student debt per borrower.

In April of 2020, Biden called for “an immediate cancelation of a minimum of $10,000 per person” in “immediate relief.” In the same address, Biden pledged that his “next step in building on the progressive vision for the country” was “forgiving student debt for low-income and middle class people who have attended public colleges and universities.”

A few months later, he reaffirmed this commitment.

Additionally, we should forgive a minimum of $10,000/person of federal student loans, as proposed by Senator Warren and colleagues. Young people and other student debt holders bore the brunt of the last crisis. It shouldn't happen again.
— Joe Biden (@Joe Biden) 1584919716

After assuming office, Business Insider reported that Biden said he was “prepared to write off the $10,000 debt but not $50 [thousand], because I don’t think I have the authority to do it.”

In December, the Biden administration announced that the COVID-19 era pause on federal student loan payments would end, and debtors would be expected to once again make monthly payments.

This announcement disappointed many of the President’s progressive allies.

638,000 people have received student loan forgiveness under the Biden Administration & their lives have improved!\n\nBut let me get this straight: for the other 98.6% of borrowers, payments are turning on next month w/o any forgiveness at all? Not even the $10k?\n\nThis will be bad.
— Mckayla Wilkes for Congress (@Mckayla Wilkes for Congress) 1639424668

AOC’s concerns about losing the Democratic majority in Congress may be warranted. After all, Republicans are currently positioned to make massive gains in the House of Representatives and have a 73% chance of winning a majority in the Senate in the 2022 midterm elections.

'This is why words have lost all meaning': Democratic Rep. Ayanna Pressley claims 'student debt is policy violence'



Democratic Rep. Ayanna Pressley of Massachusetts thinks that "student debt is policy violence" and that President Joe Biden should cancel people's student debt.

"Let’s make it plain: student debt is policy violence. We’ll keep fighting to relieve families across the country, to make sure our policies & budgets reflect their lived experiences & that we build this grassroots movement to #CancelStudentDebt together," Pressley tweeted.

In another tweet, she said that "the student debt crisis is multiracial & multigenerational" and "a racial, gender & economic justice issue." She declared that the president "can & must #CancelStudentDebt."

Let\u2019s make it plain: student debt is policy violence.\n\nWe\u2019ll keep fighting to relieve families across the country, to make sure our policies & budgets reflect their lived experiences & that we build this grassroots movement to #CancelStudentDebt together
— Ayanna Pressley (@Ayanna Pressley) 1639753338

Many on Twitter pushed back against the congresswoman's use of the word "violence" and noted that people who voluntarily assume massive sums of have a bear responsibility to pay it back.

"Let’s make it plain: Step 1: borrow money if you choose; Step 2: Pay it back," GOP Rep. Chip Roy of Texas tweeted.

"Not everything is “violence.” Pay the bills you agreed to pay. If you’re mad at the cost of college, have a word with your Democrat colleagues who voted to nationalize loans which drove up cost," conservative radio host Dana Loesch tweeted.

"This is why words have lost all meaning," Virginia Kruta tweeted.

"Some people really need to learn the definition of the word “violence." Holding people responsible for their own debts is not violence," Daily Wire senior editor Ashe Short tweeted.

National Review Online senior writer Dan McLaughlin responded to the congresswoman's comment by tweeting:

Things that are violence:

-Allowing people to borrow money to go to college.

Things that are not violence:

-Dismembering children in the womb
-Riots
-Abandoning poor people to the mercy of street criminals
-Surrendering Afghanistan to the Taliban
Things that are violence:\n\n-Allowing people to borrow money to go to college.\n\nThings that are not violence:\n\n-Dismembering children in the womb\n-Riots\n-Abandoning poor people to the mercy of street criminals\n-Surrendering Afghanistan to the Talibanhttps://twitter.com/AyannaPressley/status/1471858295329771528\u00a0\u2026
— Dan McLaughlin (@Dan McLaughlin) 1639765299

In a tweet earlier this year Pressley claimed that evictions represent "policy violence."

"Evictions are policy violence. Housing is a human right," she declared.

Evictions are policy violence. Housing is a human right. I won\u2019t stop fighting for your families.\n\nTo our #MA7 community, you have rights and resources available:https://www.metrohousingboston.org/what-we-do/rental-relief-and-eviction-prevention/\u00a0\u2026
— Ayanna Pressley (@Ayanna Pressley) 1630374431