The pause on federal student loans, which the White House says “has saved 41 million borrowers tens of billions of dollars,” is set to lift on May 1 (after another extension) after last-ditch efforts to extend it from the Jan. 31 deadline. Advocates don’t just want another extension; they want President Joe Biden to cancel the loans entirely.
It doesn’t look like Biden is budging, even though—as Melissa Byrne, founder of Project Springboard and former Bernie Sanders campaign staffer, tells Molly Jong-Fast on this bonus episode of The New Abnormal—it would be easy for him to get rid of them. So why won’t he?
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