President Biden is expected to announce his decision this month on extending the pandemic-era pause on paying back student loans and forgiving some debt.
is taking his time to reveal whether he will issue a seventh extension of the pandemic-era pause on student loan payments that expires at the end of this month, raising speculation that a bigger announcement involving student debt forgiveness will come with it.
Demonstrators outside the White House demand that President Biden cancel student loan debt on July 27, 2022. Progressives and civil rights groups are pushing for Biden to grant $50,000 in student loan forgiveness, and no less. Activists seeking to wipe away debts argue that borrowers were bamboozled by universities and the federal government alike, leaving them with inadequate wages to cover the payments and keeping them from achieving life goals like homeownership.
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