Senators Warren and Schumer are leading an effort to give student-loan borrowers another 6 months of
relief
Borrowers with student loans haven't had to pay them back through the pandemic, but that pause on payments is set to lift at the end of September. Although Education Secretary Miguel Cardona has hinted at a futher extension of the pause, no details have yet been released.
Sixty-four Democrats want to give borrowers certainty - and an additional six months, at least, free of student-loan payments.
Senate Majority Leader Chuck Schumer, Massachusetts Sen. Elizabeth Warren, Massachusetts Rep. Ayanna Pressley, and Connecticut Rep. Joe Courtney led 60 other Democratic colleagues in sending a letter to President Joe Biden on Wednesday, urging him to extend the student-loan payment pause until March 31, 2022, or until the economy returns to pre-pandemic employment levels, whichever is longer.
The Democrats wrote in the letter, obtained by Insider, that the pause on student-loan payments and interest have provided "essential relief" to borrowers during the pandemic.
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