Pres. Biden could extend student loan payment freeze, rally in Washington today

Photo of Dominic Genetti
WASHINGTON, DC - FEBRUARY 16: Student debt borrowers demand President Biden cancel student loan debt during a demonstration outside The White House on February 16, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images for We The 45 Million)

WASHINGTON, DC - FEBRUARY 16: Student debt borrowers demand President Biden cancel student loan debt during a demonstration outside The White House on February 16, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images for We The 45 Million)

Paul Morigi/Getty Images for We The 45 Milli

A lot of questions are looming for President Joe Biden as the COVID-19 pandemic finally appears to be slowing down.

What about inflation? Why can't gas prices be more reasonable? But another has Americans sitting on the edge of their seats in suspense as a deadline nears next month — student loan payments. 

At the start of the pandemic in 2020, President Donald Trump ceased all federal student loan repayment plans and froze them interest-free several times during the worst illness spread in just over 100 years.

Many borrowers haven't had to pay on their student loans for more than three years now, and while Biden has extended the freeze once before it has often been said that May 31 payments would have to restart — yet it is a campaign promise, pressure from fellow Democrats and a rally in the nation's capital by supporters Monday just may be playing a role in the commander in chief's decision process.

Supporters of canceling student loan debt are gathering at the President Dwight D. Eisenhower Memorial in Washington, D.C. at 11 a.m. CDT/12 p.m. EDT to encourage Biden to do away with the trillions of dollars debt borrowers have. #CancelStudentDebt is trending on social media.

The White House Chief of Staff Ron Klain on the "Pod Save America" podcast said, "The president is going to look at what we should do on student debt before the pause expires, or he’ll extend the pause."

It's well documented that Biden made a campaign promise when he went toe-to-toe with Trump and said he would forgive up to $10,000 of student loan debt. That has yet to happen, and prominent lawmakers have publicly voiced the 46th President needs to act. 

Former Democratic presidential candidate and Massachusetts Senator Elizabeth Warren took to social media to show her support for student debt cancelation while sharing her own educational experience. 

Former Ohio State Senator and current congressional candidate in the Buckeye State's 11th congressional district, Nina Turner also lent her perspective.