Senate Majority Leader Chuck Schumer (D-NY), Sen. Elizabeth Warren (D-MA), and Rep. Ayanna Pressley (D-MA) have started begging Uncle Joe to “swiftly” issue an extension of the federal pause on student loan payments.
As stated in their letter, the group of three lawmakers, which are leading a group of around 61 others, seeks to continue the pause that was set in place by the Department of Education’s on all student loan repayment, at least until next spring:
The suspension of payments and interest during the pandemic has provided essential relief to borrowers and their families during this economic and public health crisis. Restarting payments, however, will present a significant challenge for borrowers, loan servicers, and the Department of Education (ED), and we urge you not to let the payment pause lapse when borrowers are still depending on this financial relief… Specifically, we ask that you extend the pause by at least six months — until March 31, 2022 — or until the economy reaches pre-pandemic employment levels, whichever is longer.
The group of begging democrats sought to argue that Uncle Joe’s move was especially needed due to the fact that the recession has harmed ethnic minorities and women:
Even as the economic recovery picks up steam, it is not reaching all Americans equally. Women and people of color have been disproportionately harmed by the pandemic, which some experts have deemed “the most unequal recession in modern U.S. history,” and they have recovered at a slower rate. The same groups make up a disproportionate share of student borrowers. Black students, in particular, borrow more to attend college, borrow more often while they are in school, and have a harder time paying their debt off than their white peers. The median Black borrower still owes 95% of their debt twenty years after starting college, compared to only 6% for the median white borrower.
Other lawmakers penned their signature on the letter, such as Sen. Bernie Sanders (I-VT), Sen. Cory Booker (D-NJ), Sen. Kyrsten Sinema (D-AZ), Rep. Jamie Raskin (D-MD), Rep. Pramila Jayapal (D-WA), and Rep. Ilhan Omar (D-MN).
As part of her campaign for her 2020 Democratic presidential nomination, Warren received backlash due to her decision to dismiss the concerns of a voter who opposed her on her student loan forgiveness proposals.
“I just wanted to ask one question,” the man from Iowa stated to Warren. “My daughter is getting out of school. I’ve saved all my money. She doesn’t have any student loans. Am I going to get my money back?” Warren stated in reply, “Of course not.”
Old Uncle Joe recently caught some flak from leftists after he went back on his campaign trail promise about student loan forgiveness from his budget proposal. Just three months earlier, he issues a statement that he would not attempt to use his executive powers in order to forgive debtors of $50,000 each.
“The case against student loan forgiveness is looking shakier by the day,” stated Ocasio-Cortez via social media after the President issued comments. “We’ve got the *Senate Majority Leader* on board to forgive $50k. Biden’s holding back, but many of the arguments against it just don’t hold water on close inspection. We can and should do it. Keep pushing!”