In the aftermath of the Supreme Court's decision to strike down student loan forgiveness, legislators are calling on President Biden to suspend student loan interest accrual.
, and with payments set to begin again in the fall, two prominent House progressives are calling on the Biden administration to take further action to shield borrowers.Reps. Alexandria Ocasio-Cortez and Ro Khanna called on President Joe Biden to suspend student loan interest accrual after the Supreme Court blocked his forgiveness plan last week
“I do hope that the White House will make sure that the interest doesn't accrue starting in September,” Rep. Ro Khanna, D-Calif., said on ABC's "This Week" on Sunday. “I know the president has said he isn't going to refer students to the credit agency. I also believe under the Higher Education Act, he can stop the interest accrual.”
“When people out there are saying that they are relying on this, we should at least pause it until that is forgiven,” he said.ruled the Biden administration did not have the authority Many Republicans praised the high court’s decision to reject Biden’s initial proposal, with Senate Minority Leader Mitch McConnell, R-Ky., writing in a statement “the president of the United States cannot hijack twenty-year-old emergency powers to pad the pockets of his high-earning base and make suckers out of working families who choose not to take on student debt."
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