The new terms affect those with loans issued by the government but held by private lenders.

Many Black borrowers owe more than $10,000.

Civil Rights & Social Justice

The clock is ticking for borrowers around the country. Restarting student loan payments amid recent price increases would not only be shortsighted politically, but it could also push more people into financial ruin. 

The student loan debt crisis is worsening, Black and Latino borrowers say.


The Debt Collective demanded Biden "pick up the pen" and wipe out all student loan debt in an action Monday.  

In a letter dated March 31, Democrats asked President Biden to extend the pause through the end of the year and take steps toward canceling the federal student loans.