The White House has been pretty clear in recent days: Federal student loan payments will resume Feb. 1 as President Biden lifts the pandemic-era pause despite pressure from many in his own party to extend it
described the administration’s message as effectively that borrowers had two years to prepare for this and knew the pause wouldn’t last forever. One administration official in the meeting suggested that overall, the pandemic was trending in the right direction, and that resuming student loan payments is part of getting back to normal.
The White House also "pulled that kind of bullsh-- of ‘the fundamentals of the economy are strong,’ which is devoid of reality,” the first source familiar with the conversation added. “Yeah, sure, the stock market may be better. Unemployment numbers are better — yes, absolutely. But in terms of real wages, in terms of how people are feeling in their pocketbook, it’s just completely delusional.”
In the eyes of debt forgiveness advocates, the ramifications of lifting the pause are dire. Not everyone is feeling the effects of a rebounding economy. Rising prices and now a new coronavirus variant are causing widespread unease. And going into an election cycle, a decision like this could affect turnout and enthusiasm — especially among younger voters, who are already unreliable midterm voters.
Arisha Hatch, vice president of Color of Change, did not attend the meeting but described the political outlook this way: “Our early research showed that people would be making political decisions based on that issue.
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