In breaking news all over the US, the Biden administration has just announced student loan reliefs have ended. They have also announced that all student loan payments are to resume by February 1, 2022. In March 2020, anyone with outstanding student debt can get a maximum of 22 months of temporary payment relief. This means that, in response to continuous unemployment brought about by the COVID-19 pandemic, more than 40 million Americans are not required to pay for their student loans (and their corresponding interests). It was originally approved by congress for 6 months and was extended by former President Trump until January of 2021.
When Biden became president, he has extended this further up to January of 2022. It was in Biden’s election platforms to help Americans find ease in their student loan payments. While he didn’t actually promise that he will be removing everyone’s debt, he did promise a loan reduction program. In this program, everyone with a student loan can apply for a $10,000 relief. What does this mean? Simply, everyone with outstanding student debt can get a reduction of at most $10,000.
Now that the President has refused to extend the suspension of student loan payments, the internet is both disappointed and angry. Some people are even contemplating whether they voted right during the last Presidential elections. Here are some of the reactions to President Biden’s refusal to extend student loan reliefs:
Promises versus actions?
Biden just said he won’t extend student loan relief and that students will have to restart making loan payments.
While campaigning in 2020 Biden said, “I will eliminate your student debt.”
How are progressives who allegedly voted for Biden feeling now?
— Paul A. Szypula (@Bubblebathgirl) December 13, 2021
Everyone is just so disappointed
#studentloanforgiveness Biden won’t extend student loan relief
Everyone rn: pic.twitter.com/5wLeoBxRyC
— Mamba Out ✌🏾✌🏾 (@kcjj_04) December 14, 2021
Not even a crumb?
They really can’t give some form of student loan relief? Not even a crumb?
— Rush Hour 2 on VHS (@KCsNOTORIOUS) December 15, 2021
It’s not going to look good in the mid-term elections for the Democrats
Democrats are gonna get smoked in the midterm elections without some kind of student loan relief.
— Stanley Scrooge (@stanthenigerian) December 13, 2021
But he can’t just cancel 40 million people’s loans, right?
No, he did not promise “broad student loan forgiveness.” He said he’d sign a bill forgiving up to $10,000 in debt for national service and increasing income-based relief. He did not ever sign onto this harebrained idea he can cancel 40 million people’s loans by executive order. https://t.co/9qq4lWxn8T
— Matthew Chapman (@fawfulfan) December 14, 2021
People are simply not financially ready
— Pramila Jayapal (@PramilaJayapal) December 14, 2021
We are not still out of this pandemic
We are not out of this pandemic. Our students need relief to support their families, our communities and invest in our economy.
I am calling on the Biden Administration to extend student loan relief until the end of the COVID-19 emergency. pic.twitter.com/eplwRTqMRi
— Senator Reverend Raphael Warnock (@SenatorWarnock) December 12, 2021