President Joe Biden Under Pressure To Extend Pause On Student Loan Payments

Nearly 6 in 10 voters under the age of 45 approve of Biden’s handling of student debt

  • Recent legal challenges have held up President Joe Biden’s plan to cancel student loan debt, which he trumpeted ahead of November’s tight midterm election.
  • The pandemic-era moratorium on student debt payments resumes in January.
  • Critics warn another extension could worsen inflation and raise the risk of a recession, while borrowers – 20 million of whom were eligible to get their federal student debt canceled under Biden’s plan – are left unsure of what to expect.