for student debt cancellation said the pause is really helping people but cancellation would be even better he also noted how black women are disproportionately burdened by the student debt crisis the 28year old credited living with her parents previously with helping her make payments towards her student loans farzad kapadia 40 said the repayment pause means potentially considering buying a home one day and it means if i need to help my parents i can do that student loans were never meant to be a life sentence but its certainly felt that way for borrowers locked out of debt relief theyre eligible for secretary of education miguel cardona said in a statement as the pause kept getting extended however she said she stopped putting money towards them because she hopes some student loan debt will be canceled white house press secretary jen psaki told pod save america on april 14 that canceling at least some student loan debt through executive action is still on the table for president joe biden in doing so however gugliemino said she had to forgo building her savings and pursuing interests such as traveling as i recognized in recently extending the covid19 national emergency we are still recovering from the pandemic and the unprecedented economic disruption it caused biden said in a statement announcing the extension briana lagos 28 is pictured with her mom and dad at her college graduation more biden again extends pause in federal student loan payments since march 2020 an estimated 195 billion in student loan payments has been waived for nearly 37 million borrowers according to the federal reserve bank of new york i have no savings pretty much at this point because i spent like all of what i would have been saving on my loans she said abc news katie kindelan contributed to this report david ormsby and his wife nancy attend a debt collective protest in washington dc its been nearly impossible for young people in past years to gain stability after graduation she said due to the the job market the housing market all of these sort of external factors that are at play that werent at play for our parents generation and then the added burden of student debt after graduating from flagler college in 2015 briana lagos of cincinnati ohio said it was kind of hard for her to manage repaying her federal student loan debt of about 20000 abc news contacted lagos who is pregnant after she tweeted i really hope the student loan pause is extended for the sake of all these medical bills im about to endure if loan payments were to resume on schedule in may analysis of recent data from the federal reserve suggests that millions of student loan borrowers would face significant economic hardship and delinquencies and defaults could threaten americans financial stability david ormsby remembers the stress of trying to make ends meet as he juggled repaying his student loans and