President Biden has been steadfast in not going any further than a $10,000 across the board forgiveness pledge…
The pandemic 2 year pause will be over in Feb.
Biden has come under withering political pressure to forgive more and continue the pause…
He’s having none of that….
The White House has been pretty clear in recent days: Federal student loan payments will resume Feb. 1 as President Joe Biden lifts the nearly two-year pandemic-era pause despite pressure from many in his own party to extend it.
Behind the scenes, that political reality has led the Biden administration to conduct Zoom meetings with allies in the student loan forgiveness space in an effort to make the resumption of loan repayments as smooth as possible.
But despite their no-drama intent, the confabs have not always been smooth sailing.
One such “tense meeting,” described by someone familiar with what happened in the conversation, happened Wednesday. Loan forgiveness advocates relayed to members of Biden’s domestic policy and economic teams that beyond the actual economic, legal and policy implications of lifting the loan repayment pause, the move was “bad politically.” They wanted “to sound the alarm to them about what we believe to be a very serious political mistake that they’re about to be making,” said a second source familiar with the conversation….
Biden’s team was not moved….