February's student-loan payment restart will run into a 'psychological hurdle' as many borrowers thought their debt would be forgiven, Biden official says

Contributing sentiments towards policy:

61% : The payment pause was first extended under President Donald Trump's CARES Act last March, and President Joe Biden extended it two more times since he took office, accompanied by a campaign promise that he would cancel $10,000 in student debt per person.
46% : And Alexandria Mavin, another student-loan borrower, told Insider the pandemic payment pause allowed her to pay off her medical bills from giving birth in full, and she sees student-debt cancellation as the only way out of the "never-ending cycle" of repayment.
44% : "The president has the power to cancel $50,000 in student loan debt right now," Warren previously told Insider. "
42% : Since then, he has canceled about $9.5 billion in student debt -- less than 1% of the $1.7 trillion student debt crisis -- for targeted groups of borrowers, with no word on where widescale debt cancellation stands.
9% : Massachusetts Sen. Elizabeth Warren and Senate Majority Leader Chuck Schumer are leading the push for Biden to cancel $50,000 in student debt per person, remaining adamant he can do so immediately by executive action.

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