Student loan borrowers react to Biden’s payment pause extension
FOX Business’ Lydia Hu speaks to student loan borrowers frustrated by Biden’s extension of the moratorium on federal student loan payments.
Student loan borrowers are speaking out against President Biden’s recent extension of a freeze on student debt payments, calling it a partisan and unfair move by the administration.
State University of New York in Albany graduate Matthew Noyes said that after finishing school in 2018, he paid off $27,000 worth of debt in just 11 months by making daily sacrifices like not eating out and even changing his work commute.
"I think it's very unfair and not just to me, but it's especially unfair to blue-collar workers, people who decided to go into the trades, people who chose to serve in the military so that they could have their college paid for," Noyes told FOX Business’ Lydia Hu. "I think it’s really unfair."
Frustration even extends to those still actively paying off their federal student loans, including Kent State University graduate Leandra Westbrook, who picked up a job as a food delivery driver and cut back on travel.
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"I knew what I set myself up for when I was taking out these loans. It's something that I committed to," Westbrook explained. "You wouldn't sign a mortgage for a house and not pay your mortgage."