Report: White House Mulling Options To Ease Student Loan Debt

Report: White House Mulling Options To Ease Student Loan Debt

Assessment

Interactive Video

Social Studies

University

Hard

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The administration is considering options to bypass legal challenges to student loan forgiveness. The moratorium on loan repayment, initially issued by Trump during the pandemic, was set to end in January as per Biden's announcement. However, court rulings have blocked Biden's executive order to forgive up to $20,000 in student loan debt. The White House is appealing these rulings and has not decided on further actions. The moratorium has been in place since March 2020 under the COVID Emergency Relief program.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the White House considering to address the legal challenges to the student loan repayment moratorium?

Extending the current moratorium

Increasing interest rates

Reducing loan amounts

Introducing new taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who initially issued the moratorium on loan repayment?

The Supreme Court

The Federal Reserve

President Biden

Former President Trump

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was President Biden's initial plan regarding student loan payments?

To resume payments in January

To increase loan interest rates

To cancel all student loans

To extend the moratorium indefinitely

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the White House currently doing in response to the court rulings?

Introducing new legislation

Appealing the rulings

Ignoring the rulings

Accepting the rulings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Since when has the moratorium on student loan payments been in place?

December 2020

August 2019

March 2020

January 2021