once payments resume to ensure that borrowers who miss payments will not be reported to credit agencies. CNN on Sunday borrowers should not have to deal with surging interest without debt relief.
"I would like to see interest payments suspended during this time, especially during that 12-month ramp-up period," Ocasio-Cortez said."There are millions of people in this country that have student-loan debt amounts under ten or $20,000, as outlined in the plan. People should not be incurring interest during this 12-month on-ramp period, so I highly urge the administration to consider suspending those interest payments.
"Of course, we still believe in pursuing student-loan cancellation and acting faster than that 12-month period wherever possible," she added.ABC News on Sunday,"I do hope that the White House will make sure that the interest doesn't accrue starting in September. I know the president has said he isn't going to refer students to the credit agency. I also believe under the Higher Education Act he can stop the interest accrual.
Biden has not yet commented on those requests, but the Education Department recommends borrowers make payments because interest is set to accrue a month
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