White House says Biden will make decision on student loans
by Alex Gangitano - 07/26/22 5:20 PM EThe White House said on Tuesday that President Biden is mulling whether to extend the pause on federal student loan payments and whether to forgive student loans on a broader scale ahead of a pandemic-related moratorium on payments that are set to resume on Aug. 31.
“He’ll make a decision,” White House press secretary Karine Jean-Pierre said. “I’ll let him speak.”
She noted that Biden told reporters last week that “the end of August” is his timeline for making a decision. Biden in April extended the pandemic moratorium on federal student loan payments and interest accrual through August.
“The president understands firsthand how burdensome this can be for many Americans … across the country,” Jean-Pierre said. “That’s why he took the action that he did when it came to pausing repayment.”
She said she didn’t have anything more to share on loan cancellation.
Other White House officials have been mum when asked for updates on whether Biden will forgive any amount of student loans by executive action.
Top economic adviser Brian Deese said he didn’t have anything new to share on student loans, adding on Tuesday that “the president spoke to the timeline on this issue.”
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https://thehill.com/homenews/administration/3575251-white-house-says-biden-will-make-decision-on-student-loans/
