In a letter to the president, Democrat senators warned that resuming federal student loan payments and collections on February 1 would hurt the economy.
The senators noted that the emergence of the Omicron variant serves as"a reminder the virus is still impacting parts of the economy and public health."
The senators continued their calls urging Biden to keep his campaign promise to cancel student debt in recent days.last week, Warren said recent polling shows that the"overwhelming majority" of people who have student loan debt say they are not ready for payments to resume. Warren also repeated that resuming student loan payments would hinder the economic recovery."That's money that's getting spent in local stores, money that moves through this economy and has been a part of the recovery as we've tried to come out of COVID," she told Don Lemon.
"So for me, we need these things to go together: pause student loan repayments and get student loan debt canceled. The president could cancel $50,000 of student loan debt... could do it tonight, President Biden. All you gotta do, pull out a piece of paper and get it done."
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