Biden Admin to Extend Pause on , Student Loan Interest and Collections.br White House press secretary Jen Psaki announced br the extension during Tuesday's press conference.br The pause on collections br will affect over a million br borrowers who have loans in br default through private lenders.br This step particularly protects 800,000 borrowers who are at risk of having their tax refunds seized, Jen Psaki, White House press secretary, via CNN.br Calls from prominent Democratic senators to br forgive $50,000 of federal student debt for every br borrower have been curbed by President Joe Biden.br Top legal experts indicate that Biden does have the br power to cancel student loan debt through br executive order and the Department of Education.br Biden has indicated his support br for some form of student debt relief br but prefers legislative changes rather br than executive orders so that they last.