Senate overturns Biden's student loan relief plan amidst debt ceiling debate.

1 min read
Source: POLITICO
Senate overturns Biden's student loan relief plan amidst debt ceiling debate.
Photo: POLITICO
TL;DR Summary

Student debt relief advocates were surprised to learn that the debt ceiling deal included a provision requiring the Biden administration to restart collecting federal student loan payments at the end of the summer. Advocates felt like they were used as a bargaining chip and that borrowers got the bad end of the deal. The White House disagreed, stating that the plan to end the payment pause in August was announced in November and that the administration protected the student debt relief plan from congressional Republicans. However, student debt relief groups argue that the end of the payment pause before the Supreme Court rules on broad-scale relief is reckless and tells student debtors that they are bargaining chips not worth fighting for.

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