Joe Biden Uses Coronavirus Emergency Power to Extend Student Loan Repayment Pause to Help ‘Progressive Elites’
The Biden administration has once again used coronavirus emergency powers to extend a pause on student loan repayment, capitulating to his left flank and costing taxpayers billions of dollars.
The pause will be extended through August 31, lengthening the original May 1 date to start repayment, according to the Associated Press.
“This is a desperate attempt by the Biden Administration to shore up their radical progressive base at the expense of hard-working, tax-paying Americans,” Garrett Bess, vice president of Heritage Action, told Breitbart News. “It’s been two years — Biden can’t keep wielding an ’emergency’ halt in student loan payments for his own partisan political concerns.”
More than 43 million Americans who owe more than $1.6 trillion in loans will receive yet another extension, despite the fact that most holders of student loan debt come from wealthy families.
Indeed, the wealthiest 40 percent of borrowers hold 60 percent loan debt. The Biden plan also requires lower-income taxpayers to foot the bill for mostly graduate students — holding the majority of the debt — who are more than likely to out-earn them. – READ MORE
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