Schumer and top Democrats call for Biden to extend student loan pause and cancel $50k per borrower

Senate Majority Leader Chuck Schumer (D-N.Y.), joined by Sen. Elizabeth Warren (D-Mass.) and Rep. Ayanna Pressley (D-Mass.), on Tuesday called on President Biden to extend the moratorium on student loan payments and cancel $50,000 per borrower. Why it matters: Americans owe about $1.6 trillion in student loans and the current pause on payments will end on Sept. 30, leaving more than 3o million people to begin making student loan repayments in October even as the pandemic continues.Get market new

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