The Biden Administration is under pressure from progressive lawmakers and advocates to delay the looming deadline for student loan payments.
President Joe Biden spoke about the coronaviruses at the White House.
The images are from the same company.
The Department of Education will announce later this week whether to extend the pause further, a DOE spokesman told Forbes.
The DOE didn't say if it will delay the restart to payments.
When asked Tuesday about the possibility of extending student loan relief, White House Press Secretary Jen Psaki said that President Joe Biden had not made a decision yet.
Monthly student loan payments have been suspended by the federal government. The forbearance program has saved billions of dollars for people who took out federal loans to pay for college, but it doesn't apply to private loans. In August, federal education officials extended relief until January 31, 2022. Some Democrats want Biden to extend the pause further because the country is still fragile and some borrowers aren't ready to resume payments.
There is a structure called the Tangent.
Senate Majority Leader Chuck Schumer has pressured Biden to permanently cancel $50,000 in debt per person, a move that could wipe out most borrowers' loans. Biden will sign a student debt forgiveness bill if Congress passes it, but he has questioned whether he has the power to forgive $50,000 per borrower via executive action. Some loans have been forgiven for people with disabilities, public service workers and other borrowers.
Student Loan Relief will not be extended and student loan payments will not be paid on February 1st.
The White House is not budging on the end of student loans forgiveness.
