Some Eugene residents support Biden’s extension of the federal student loan suspension

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YUJIN, Oregon. – The pause in the payment of the federal student loan has been extended again. More than 40 million Americans are affected.

The people in Eugene told KEZI they were relieved.

President Biden announced the extension on Friday, saying the economy continues to recover from a deep pit due to the pandemic. This is the fourth time the federal government has extended the payment moratorium.

Initially, the pause would have ended on September 30, 2021, but now the payment freeze has been extended until January 31, 2022.

Many members of the Eugene community have told KEZI that they very much approve of this expansion, saying it is true after such a brutal 15 months due to the pandemic. Especially for those who have just graduated from the institute.

“You walk into this world with this big monkey on your back, and so anything they can do to ease or of course reduce student loans would be great,” said David Richman.

The freeze, originally imposed by Congress, was extended by the Trump and Biden administrations.

While community members and congressmen are pleased that Biden has extended the hiatus, many are now pressuring him to cancel his student debt.

“They should get rid of student loans. Just forgive them and start over. It’s time, ”Richman said.

Marley Miller, professor of earth sciences at the University of Oregon, said she fully supports the extension of the student loan suspension.

“If students can live their lives and not worry about it that much, I think it’s better for all of us,” Miller said.

Borrowers will receive notification of the new renewal in the coming days.



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