Schumer, Warren, Pressley Applaud Biden Administration’s Decision To Heed Their Call To Extend Student Loan Payment PauseDecember 22, 2021
Washington, D.C. – Majority Leader Schumer, Senator Warren, and Congresswoman Pressley applaud the Biden administration’s decision to heed their call to extend the pause on student loan payments, continue to call on the administration to cancel up to $50,000 in student debt.
“We’re pleased the Biden administration has heeded our call to extend the pause on student loan payments. As we stated in our December 8th letter, the pause on federal student loan payments, interest, and collections has improved borrowers’ economic security, allowing them to invest in their families, save for emergencies, and pay down other debt. Extending the pause will help millions of Americans make ends meet, especially as we overcome the Omicron variant. We continue to call on President Biden to take executive action to cancel $50,000 in student debt, which will help close the racial wealth gap for borrowers and accelerate our economic recovery.”