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Thanks for Extending the Repayment Pause; Next Biden Must Cancel Student Debt

WASHINGTON, D.C. – President Joe Biden today announced the extension of the pause on student loan repayments (including 0% interest) until August 31, 2022. Lisa Gilbert, executive vice president of Public Citizen, released the following statement:

“Thank you, President Biden, for responding to the needs of 45 million borrowers who are not ready to resume payments. Next Biden should cancel up to $50,000 of student debt for all people, because it will benefit the economy and begin the hard work of closing the racial wealth gap. There is no single action that this president can take that would have more transformational implications for millions of people in this country. But for now, we are pleased that everyday people and their families will get a little breathing room to pay for basic necessities.”