Here's Who Wants Biden To Postpone Student Loan Payments Beyond September 30
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Contributing sentiments towards policy:
57% : In June, 64 progressive members of Congress -- including Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) wrote a letter to Biden urging him to pause student loans and freeze student loan interest until March 31, 2021 or until the economy reaches pre-pandemic employment levels, whichever is longer.56% : Here's a list of who wants President Joe Biden to postpone student loan payments beyond September 30, 2021.
55% : They have asked the president to pause student loan payments through January 31, 2022.
55% : Don't wait for student loan payments to resume to take control of your student loan debt.
53% : According to Politico, some officials at the U.S. Department of Education have urged Biden postpone student loan payments beyond September 30.
51% : Here's a partial list of who wants Biden to postpone student loans:
51% : Murray and Scott wrote that the Education Department needs time to "conduct a necessary outreach campaign" to student loan borrowers so they are aware of their "upcoming obligation" and provide them with sufficient time before their student loan payments are due. "While the economy has begun to show promising signs of recovery," the legislators wrote, "more than nine million Americans remain out of work, and the economic and health disparities created by the pandemic are severe."
46% : However, on the other, if 40 million student loan borrowers suddenly need more time to pay student loans due to financial struggle, it sends a mixed message.
42% : Reasons to extend include: help student loan borrowers who are struggling financially, prevent potential student loan delinquency or student loan default, and give student loan borrowers more time to prepare for the transition to student loan repayment.
42% : Opponents to extending student loan relief say that student loan borrowers will have had 18 months of no student loan payments and received more than $90 billion of student loan cancellation.
40% : The members of Congress wrote that restarting student loan payments will hurt the economy, cause financial distress for student loan borrowers, and result in student loan default. "
38% : According to a new survey, 90% of student loan borrowers are not ready to pay student loans again starting October 1.
37% : President Biden should cancel student debt, but in the meantime he should extend the payment pause so that borrowers aren't hurt," Warren said.
34% : A group of leading advocacy organizations sent a letter to Biden urging him not start student loan payments until the Biden administration fixes student loan repayment and cancels student loan debt.
32% : However, a chorus of student loan advocates say restarting student loan payments will hurt student loan borrowers and result in financial disaster, including student loan default.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.