Key Democratic lawmakers are calling on President Joe Biden to extend the pandemic-related student loan payment pause another six months beyond October – or until the economy reaches pre-pandemic employment levels, whichever is longer.
Senate Majority Leader Chuck Schumer of New York and Sen. Elizabeth Warren of Massachusetts led a group of more than 60 other Democrats in asking the President in a letter sent Wednesday to push back the restart date, warning it could “create a significant drag on our economic recovery.”
RELATED: When do student loan payments restart?
As of now, federal student loan borrowers will have to resume payments on October