President Biden paused federal student loan repayments again, extending the moratorium on payments for Department of Education-managed loans until 2022.
The announcement comes shortly after top Democratic lawmakers publicly disagreed about the legal implications of student debt policy. Senate Majority Leader Chuck Schumer (D-NY), Sen. Elizabeth Warren (D-MA), and Rep. Ayanna Pressley (D-MA) pushed Biden to extend repayment forgiveness — if not entirely cancel up to $50,000 of debt per borrower.
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