We are outraged by SoFi’s lawsuit aimed at halting the pause on federal student loan payments. This follows attempts by servicing company MOHELA to block President Biden's debt cancellation plan.

The actions of student loan lenders and servicers are nothing short of an attack on America’s students, parents, and borrowers. They are using their enormous wealth to block President Biden’s debt cancellation plan and the pandemic payment pause. We condemn SoFi’s actions and call on the Biden Administration to take every necessary step to protect borrowers from these egregious legal maneuvers.

We believe that federal student loan payments should remain paused until the Biden Administration can fulfill its promise to broadly cancel student debt. Too many borrowers, parents, and students have yet to recover from the financial harm caused by the pandemic. We still depend on the payment pause to put food on the table, afford healthcare, and support our families through this challenging time.

We urge student loan companies, like SoFi, to stop their legal attacks against student loan borrowers!