Political Quotes

“one final matter: student loans. Today, I have joined Senator Warren and a number of my House and Senate colleagues to urge the Biden administration to extend the pause on payments and interest for the vast majority of Federal student loans. For millions of student borrowers, one of the most difficult challenges is balancing their debt with their dreams of starting a career, starting a family, and buying a home. When the pandemic hit, these challenges were magnified a hundredfold. Job opportunities disappeared, and our economy came to a halt. The pause on student loan repayment during the pandemic was a life-altering policy that allowed tens of millions of young people to escape financial ruin. Right now, the current pause on repayment of student debt is set to expire on September 30. I believe that is too soon. Our economy is still recovering. Americans are still pulling themselves up and dusting themselves off after one of the greatest economic crises in our history. The October 1 expiration date could risk putting millions of student loan borrowers back into financial hardship. Very simply, I am urging the Biden administration to extend the pause on student loan repayment by another 6 months, until March 2022. Even as the economy recovers, young people, borrowers with a load of debt, will struggle more than most to get back on their feet. Why not give them a little more breathing room?…”