Biden said on the campaign trail that if elected, he’d seek to “immediately” wipe out at least $10,000 in student debt for every federal borrower, a move that advocates say is in his authority. But over a year into his visit this website right here presidency, Biden has failed to deliver on that pledge, leaving borrowers like Rob frustrated.
“I know that I’m going to have to start making payments,” Rob, who’s studying to become a teacher and did not want to disclose his full name for privacy reasons, told Insider. “Teachers don’t make a lot, and it’s going to have a big impact on me, already just on my quality of life.”
Indeed, the 34-year-old, along with about 45 million other Americans who took out federal loans for their higher education, will have to resume loan payments on May 1 when the Biden administration’s pandemic pause expires.
“It’s upsetting because you vote for Democrats, and they honestly never really follow through with their promises at all,” Rob said. متابعة قراءة Student-loan companies have spent millions fighting efforts like Biden’s $10,000 debt-cancellation pledge, and so far they’re winning