The reprieve impacting more than 25 million Americans has been extended five times throughout the public health crisis, and is currently slated to end on May 2.
However, White House Chief of Staff Ron Klain said earlier this month that the Biden administration wanted to make its decision around debt cancellation before it turned the payments back on. "The president is going to look at what we should do on student debt before the pause expires, or he'll extend the pause," KlainOn the campaign trail, President Joe Biden promised to quickly cancel $10,000 per borrower, but he's increasingly under pressure from some Democrats and advocates to wipe out more. Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., are pushing him to cancel up to $50,000 for all.
For now, it's clear that the White House is responding to the pressure, said Thomas Gokey, co-founder of the"A few months ago they were adamant they had extended the payment pause for
Source: News Formal (newsformal.com)
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