After a yearslong moratorium, federal student loan borrowers will restart repaying their debts on Sept. 1.
The resumption of repayments coincides with persistent consumer price increases, which have put pressure on household budgets, as President Joe Biden seeks to counter public pessimism about the economy and drum up support for his campaign before next year's election.
However, federal student loan borrowers restarting their repayments should direct their ire to the root of the problem, which is"price-gouging" colleges that overcharged them for their schooling, per Alfredo Ortiz, president and CEO of Job Creators Network. Job Creators Network is a conservative advocacy organization that has and continues to challenge Biden's debt forgiveness programs before the Supreme Court.
"I have the good fortune of a mom who worked 16-hour days making sure we had food on our tables," Sen. Tim Scott said during the candidates' first debate."She taught me that if you're able-bodied in America, you work. If you take out a loan, you pay it back. If you commit a violent crime, you go to the jail. And if God made you a man, you play sports against men."
Biden's reelection campaign is mindful that younger voters are casting ballots based on their personal finances, in addition to protecting their freedoms and against Republicans'"extreme" agenda, with abortion being the most motivating issue. "We need a permanent fix to student loans," the Aggressive Progressive podcast host said."Congress should step in to reduce and, in some cases, eliminate interest and make repayment as flexible as possible."
"The student debt crisis is impacting folks across the country, and thanks to the callous Supreme Court, borrowers are facing a financial cliff this fall," Pressley added on social media."That's why @POTUS must deliver #CancelStudentDebt as quickly as possible and go as broad & deep as the hurt is."
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