shorts On 5/30/2023, a reporter asked Biden OMB Director Young, “Can you explain to student loan borrowers, who might be confused about what’s been agreed to here, how the Supreme Court decision may implicate that and explain the President’s continued commitment to forgiveness now?
MS. YOUNG: Yeah … Supreme Court will opine on the President’s action to forgive $10,000 in student debt and $20,000 for those with Pell Grants. But in this bill, even though House Republicans’ bill sought to do away with that, we saved it in this bill. So there’s nothing on that in this bill. We also protected the income-driven repayment rule, which if anyone has had student loans knows it was not — it did not work as intended. And this rule is intended to really tie payments to true income … The one thing is: This bill does end the payment pause. But very close to the timeframe, we were going to end it, as an administration, when it comes to repayment.
other clips of this published longer video is here: https://youtu.be/rxwRLzm-BcA
Q: student loan forgiveness? A: even though GOPs sought to end it, we saved it in this bill