BREAKING: Biden admin. extends moratorium on federal student loan payments through May 1.
, especially after Sen. Joe Manchin, D-W.Va., said he would not vote for the president's Build Back Better Act, throwing its prospects into doubt. The White House has said that the plan would address inflation concerns by lowering costs for items like prescription drugs and child care.
"The Omicron variant is a scary reminder that the pandemic is still a serious concern and Americans cannot be crushed by student debt as they shoulder this health and economic crisis," said Natalia Abrams, president of the Student Debt Crisis Center. Some Democrats have also argued that it would be a poor political decision for the president to restart student loan payments — which have been paused for nearly two years — ahead of a difficult midterm elections year.last week that it was"delusional" to believe Democrats could get re-elected without acting on student debt relief, among other priorities., which paused payments through Sept. 2020 and eliminated interest rates for the roughly 42 million borrowers.
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