We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Why Biden Should Extend The Student Loan Payment Pause And Why He Shouldn’t
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Why Biden Should Extend The Student Loan Payment Pause And Why He Shouldn’t
The Tycoon Herald > Money > Why Biden Should Extend The Student Loan Payment Pause And Why He Shouldn’t
Money

Why Biden Should Extend The Student Loan Payment Pause And Why He Shouldn’t

Tycoon Herald
By Tycoon Herald 4 Min Read
Share
SHARE

President Joe Biden (Photo by Samuel Corum/Getty Images)

Getty Images

Here are reasons why President Joe Biden should extend the student loan payment pause and why he shouldn’t.

Contents
Student LoansWhy Biden should extend student loan reliefWhy Biden shouldn’t extend student loan reliefStudent loans: next stepsStudent Loans: Related ReadingIf Biden cancels student loans, this will happen nextBiden cancels $415 million of student loans, but Bernie Sanders says cancel all $1.8 trillion of student debtWill student loan payments get postponed until 2023?Biden should end student loan relief

Here’s what you need to know.

Student Loans

Student loan payments for federal student loans are expected to restart on May 1, 2022. Advocates have lobbied the president to extend student loan relief for a fourth time. (Will student loan payments get postponed until 2023?). As the White House notes, student loan borrowers haven’t been required to make a single federal student loan payment since Biden became president. Similarly, borrowers weren’t required to make any federal student loan payments during the final 10 months of the Trump administration.

Here are the reasons why Biden should extend student loan relief again, and here are the reasons why he shouldn’t.


Why Biden should extend student loan relief

Advocates argue that Biden should extend student loan relief because:

  • Student loan borrowers are struggling financially;
  • More student loan relief is necessary in the wake of the ongoing Covid-19 pandemic (Biden agrees to stop challenging student loan forgiveness after public outcry);
  • Democrats could lose the midterm election in November if student loans aren’t paused again;
  • There’s no law prohibiting the president from extending student loan relief; and
  • It’s the right thing to do in an uncertain economic environment.

(5 ways to get student loan forgiveness).

MORE FOR YOU

(Related: Biden cancels $415 million of student loans, but Bernie Sanders says cancel all $1.8 trillion of student debt).


Why Biden shouldn’t extend student loan relief

Opponents of extending student loan relief argue that:

  • Student loan borrowers haven’t been required to pay federal student loans for nearly two years since March 2020;
  • By May, the student loan payment pause collectively will have cost the federal government more than $130 billion in uncollected student loan interest;
  • Democrats could lose the midterm election if the student loan payment pause is extended because independent and moderate voters may be alienated;
  • The Covid-19 pandemic is much different today than it was in March 2020; and
  • The economy has rebounded significantly and unemployment is near all-time lows.

(Biden should end student loan relief).


Student loans: next steps

The White House hasn’t made any announcement on potentially extending student loan relief. The president is expected to weigh several factors before making a final decision. That said, the White House and the U.S. Department of Education consistently have referenced May 1 as the start date for student loan payments to restart.

Now is the time to plan for the return to student loan repayment. Absent any extension, make sure you know all your options. Here are some smart ways to pay off student loans:


Student Loans: Related Reading

If Biden cancels student loans, this will happen next

Biden cancels $415 million of student loans, but Bernie Sanders says cancel all $1.8 trillion of student debt

Will student loan payments get postponed until 2023?

Biden should end student loan relief

You Might Also Like

How To Make A Funds: 12 Simple Methods To Do It (The Full Information) – Dollarsanity

10 Outdated-Normal Cleansing Suggestions from Grandma – Dollarsanity

Wedding ceremony On A Funds: Get $30K-Like Wedding ceremony For $5K or Much less – Dollarsanity

80 Issues I Stopped Shopping for to Save Money Quick and Pay Off Debt – Dollarsanity

50 Small Business Concepts For Ladies – Dollarsanity

TAGGED:MoneyThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
Guess Who This Former Man of Metal Is!
Entertainment

Guess Who This Former Man of Metal Is!

Guess Who This Former Man Of Metal Is! Printed July 12, 2025 4:00 PM PDT Play video content material 2015 TMZ.com Alright, of us, we have got one other guess…

By Tycoon Herald 1 Min Read
Drake Says He’ll Drink to Followers Chanting ‘F*** Kendrick’ At Present
July 12, 2025
Marcus Rashford set for crunch talks with Man Utd hierarchy as ahead pursues Previous Trafford exit – Paper Speak
July 12, 2025
Scooter Braun Praises Justin Bieber’s New Album After Monetary Settlement
July 12, 2025
Genesis Scottish Open: Rory McIlroy on the cost to carry share of lead forward of ultimate spherical
July 12, 2025

You Might Also Like

80 Timeless Frugal Residing Suggestions That Nonetheless Work At present – Dollarsanity
Money

80 Timeless Frugal Residing Suggestions That Nonetheless Work At present – Dollarsanity

By Tycoon Herald 18 Min Read
Easy methods to make Money on Pinterest With out a Weblog – Dollarsanity
Money

Easy methods to make Money on Pinterest With out a Weblog – Dollarsanity

By Tycoon Herald 35 Min Read
21 Web sites The place Wealthy Individuals Giveaway Free Money – Dollarsanity
Money

21 Web sites The place Wealthy Individuals Giveaway Free Money – Dollarsanity

By Tycoon Herald 12 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Sports

As we speak on Sky Sports activities Racing: Doncaster hosts Lincoln assembly reside on Saturday as Flat season will get beneath means

Flat motion returns to Doncaster on Saturday because the Lincoln assembly headlines an thrilling day of…

By Tycoon Herald
Sports

Magic Weekend: London Broncos worries and plaudits for Jack Farrimond – day one in quotes

We spherical up one of the best of what the top coaches needed to say on…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?