Tuesday 17 May 2022 06:43 PM WH says Biden STILL does not have a decision on whether to cancel up to $10,000 ... trends now
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Joe Biden still doesn't have action announced on student loan forgiveness despite claiming two weeks ago that he would make a decision 'in a couple of weeks.'
'We have no policy to announce yet,' White House Press Secretary Karine Jean-Pierre told reporters on Air Force One Tuesday morning.
'But as a reminder,' she added, 'no one has been required to pay a single dime of student loans since the president took office.'
Federal student loans went into deferment towards the onset of the coronavirus pandemic when former President Donald Trump was in office as a way to help relieve finances of people who still owe money for their college education.
Democrats have long been pushing for student loan forgiveness – with $10,000 in forgiveness for individuals making less than $125,000 is seeming like the most likely course of action for Biden.
Jean-Pierre also insisted Tuesday that student loan pauses are unlikely to affect inflation at all, despite warnings from some economists that it could further exacerbate economic issues amid worsening record-high inflation and continued supply chain shortages.
'I do want to state that Jared Bernstein has spoken to this before,' Biden's new spokesperson said. 'And he's mentioned that the impact on inflation by pausing
