The Biden administration is planning to extend a pause on federal student loan repayments through August 31, according to an administration official familiar with the matter.
Wisdom Cole, National Director of the NAACP Youth and College Division, released the following statement in response to President Biden's student loan repayment extension.
"President Biden, student loan debt is a racial and economic justice issue that stains the Soul of America. With each and every repayment extension, you make a stronger case for canceling it.
At this point, just cancel it. $50,000 is the bare minimum. $10,000 is not enough."
