Second, we're creating a temporary 12-month “on ramp” to repayment.
This is not the same as the student loan pause, but during this period – if you miss payments – this “on ramp” will temporarily remove the threat of default or having your credit harmed.
This fight isn’t over.
In the wake of today's Supreme Court decision on student loan relief, we need a new way forward. And we're moving as fast as we can.
Here's what's next:
The Supreme Court got it so wrong with this #CancelStudentDebt ruling.
But this isn’t over. @POTUS and @SecCardona must use other tools available to swiftly cancel student debt.
My full statement⬇️
It is very important to note this SCOTUS ruling does NOT remove Biden’s ability to pursue student loan forgiveness.
The Biden Admin can use the HEA (Higher Ed Act) - our position from the start - to continue loan forgiveness before payments resume. They should do so ASAP.
Certain movies you have to watch in theaters because nothing will compare to the applause, cheers and battle cries I can still hear clearly with this scene