White House to Relaunch Student Loan Payments in 2022

White House to Relaunch Student Loan Payments in 2022

(TheRedWire.com) – President Joe Biden doesn’t seem to have a problem violating the separation of powers regarding immigration issues or pandemic eviction moratoriums. So, some wonder why he’s so adamant about not forgiving some or all student loans on his own. Perhaps it’s because he knows loan forgiveness is bound to face legal challenges and a likely reversal by the courts, coming back to hurt borrowers.

In March 2020, the federal government suspended payments, interest, and collections on $1.7 trillion in student loans as the country faced a potentially crushing pandemic. In October, President Joe Biden extended student loan suspension until February 1, 2022. He said it would be the last one. He appears to be sticking to it.

On Wednesday, December 15, White House Press Secretary Jen Psaki said the administration would provide more details and engage with student loan borrowers about repayment options appropriate for them.

Despite the looming Omicron variant, Psaki said she expects a smooth transition into repayments, a priority to the administration. That’s much to the chagrin of far-Left Democrats on Capitol Hill. Some want the president to forgive up to $50,000 in student debt or more.

Psaki said if Congress sends the president a bill authorizing the forgiveness, he’ll sign a bill immediately. Don’t expect it anytime soon. It won’t happen.

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