Reply to Why is Biden extending the student loan repayment pause?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]He should've just extended to January 2023. Pretty dumb to restart loan payments right before midterms. [/quote]

You can’t take back an extension once committed. Shorter gives him wiggle room. [/quote]

The extension ending on Sept 1 gives them the opportunity to apply some form of forgiveness right before the midterms.

Let's see if they have the guts to do it.[/quote]

More likely another extension through year end.[/quote]

But why not just do that now? Seems silly to waffle around in August and build up anxiety about whether or not it will be extended. Further, it would be political idiocy to restart loan payments right before the Midterms.

My guess is that they will offer a form of loan forgiveness in September. Probably income-tested and only for a nominal amount like $10-15K. [/quote]

They will either extend or forgive in August. If he did it now it won’t be at the top of peoples minds by November. [/quote]

Student loan forgiveness is very unpopular. I think it would be the final nail in the coffin for the Democrats.[/quote]

Millions in student loans have already been forgiven through Borrowers Defense and PSLF. [/quote]

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