Skip to main content

Common Dreams. Journalism funded by people, not corporations.

There has never been—and never will be—an advertisement on our site except for this one: without readers like you supporting our work, we wouldn't exist.

No corporate influence. No pay-wall. Independent news and opinion 365 days a year that is freely available to all and funded by those who support our mission: To inform. To inspire. To ignite change for the common good.

Our mission is clear. Our model is simple. If you can, please support our Fall Campaign today.

Support Our Work -- No corporate influence. No pay-wall. Independent news funded by those who support our mission: To inform. To inspire. To ignite change for the common good. Please support our Fall Campaign today.

Rep. Ayanna Pressley and Sen. Elizabeth Warren speak at a press conference

Rep. Ayanna Pressley (D-Mass.) speaks as Sen. Elizabeth Warren (D-Mass.) looks on during a press conference on student debt outside the U.S. Capitol on February 4, 2021 in Washington, D.C. (Photo: Drew Angerer/Getty Images)

'We Can't Turn Our Backs': 60+ Lawmakers Demand Biden Extend Pause on Student Loan Payments

"President Biden should cancel student debt, but in the meantime he should extend the payment pause so that borrowers aren't hurt."

Jake Johnson

More than 60 lawmakers from the House and Senate on Wednesday demanded that President Joe Biden immediately extend a soon-to-expire pause on federal student loan payments and interest accumulation—while also working toward cancellation of the debt that is saddling tens of millions of people across the United States.

"President Biden can and must cancel student debt with the stroke of a pen. We urgently call on him to act," Rep. Ayanna Pressley (D-Mass.) said in a statement. "In the interim, extending this payment pause will provide a crucial additional layer of relief for millions of borrowers. We can't turn our backs on these families as we work toward an equitable economic recovery."

"We can't turn our backs on these families as we work toward an equitable economic recovery."
—Rep. Ayanna Pressley

In a letter (pdf) to Biden spearheaded by Pressley, Sen. Elizabeth Warren (D-Mass.), and Senate Majority Leader Chuck Schumer (D-N.Y.), 63 members of Congress note that "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."

According to a recent estimate by the Education Department, the pause on interest accumulation alone has saved borrowers around $4.8 billion a month.

Former President Donald Trump first implemented the student loan payment and interest pause in March 2020 as the coronavirus spread rapidly across the U.S., sparking a nationwide public health crisis and ravaging the economy. Trump subsequently extended the moratorium through the end of January 2021 and Biden—on his first day in office—extended it again through September 30.

With the pause now set to expire in less than 100 days, borrowers are getting worried that the White House is going to leave them out to dry.

"At any moment this could come to an end, and then what are you going to do?" Richelle Brooks, a 33-year-old educator in Long Beach, California, told the American Prospect last week. "The psychological turmoil of a moratorium without any explanation as to what comes next is twisted."

In their letter on Wednesday, the lawmakers warned that "restarting payments... 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."

"We urge you to act quickly to extend the current pause on payments and interest so that borrowers are not penalized and student debt payments do not drag down the pace of our economic recovery," the lawmakers wrote. "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."

Sen. Elizabeth Warren (D-Mass.), who has called on Biden to use his executive authority to forgive at least $50,000 in student loan debt per borrower, said in a statement Wednesday that "President Biden should cancel student debt, but in the meantime he should extend the payment pause so that borrowers aren't hurt." Canceling $50,000 in student loan debt per person would fully wipe out the debt burden of 84% of borrowers.

In early April, the White House announced that Biden had directed the Department of Education to prepare a memo on the president's legal authority to unilaterally cancel student loan debt, but nearly three months have passed and the memo has yet to be completed.

Increasingly frustrated by the president's inaction on the issue, a union of debtors earlier this month released a draft executive order that would cancel every penny of the roughly $1.8 trillion in federal student loan debt currently held by more than 40 million people in the U.S.

"Our communities need help now, and canceling student debt is something the Biden administration can do today, without going through our dysfunctional Congress and seeking ever-elusive bipartisan support," Braxton Brewington, a spokesperson for the Debt Collective, wrote in an op-ed for Teen Vogue. "Eliminating student debt would be an enormous bottom-up stimulus to our economy, creating millions of new jobs, accelerating home buying, and delivering additional pandemic relief to communities still recovering from the hardship of Covid-19."

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

'Outrageous and Shameful': Dems May Cut Paid Leave Due to Manchin's Opposition

Decrying the plan, advocacy groups vowed that "the American people are not going to allow that essential human need to be ignored and negotiated away behind closed doors."

Jessica Corbett ·

Open Letter Warns Trump's 'Big Lie' GOP Poses Existential Threat to Democracy

"Now is the time for leaders in all walks of life—for citizens of all political backgrounds and persuasions—to come to the aid of the republic."

Brett Wilkins ·

Ahead of Historic House Hearing, Fresh Big Oil Misinformation Campaign Exposed

"It's always helpful to remember that big fossil fuel companies (besides being overwhelmingly responsible for carbon pollution) are also skeevy disinformation hucksters."

Jessica Corbett ·

'Very Welcome' Progress as Iran Agrees to Restart Talks on Nuclear Deal Sabotaged by Trump

One peace advocate urged all sides to reconvene negotiations "as soon as possible and with renewed urgency" to avert "disastrous" consequences for Iran and the world.

Brett Wilkins ·

House Progressives: 'When We Said These Two Bills Go Together, We Meant It'

"Moving the infrastructure bill forward without the popular Build Back Better Act risks leaving behind working people, families, and our communities."

Andrea Germanos ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.

Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo