Biden announces student loan payment pause extension: What borrowers can do now
Headline from Fox5 Atlanta
The White House is extending the student loan freeze until Aug. 31, President Biden announced Wednesday. Federal student loan payments were originally set to restart in May.
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The Biden administration is expected to extend a pause once again on federal student loan payments though the proposed timeframe is far shorter than what Democrats had been pushing for, according to reports.
WASHINGTON — The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration official familiar with the White House’s decision-ma…
The repayment moratorium has been extended multiple times since it was first put in place in March 2020 due to the COVID-19 pandemic. The current pause was set to expire on May 1.
Student loan payments were scheduled to resume May 1 after being halted since early in the pandemic. But following calls from Democrats in Congress, the White House plans to give
It would be the sixth extension of a pandemic-related relief program affecting tens of millions of borrowers that was put in place more than two years ago.
The Biden administration is gearing up to once again extend the suspension of federal student loan payments, according to people familiar with the matter. The pause was set to end in May.
The pause is expected to be extended through August, while many Democrats recently pushed President Joe Biden to extend it through at least the end of the year.
By Phil Mattingly, CNN The Biden administration is planning to extend a pause on federal student loan repayments through August 31, according to an administration official familiar with the matter. The repayment freeze, which has been in place since the beginning of the pandemic, was scheduled to ex…
President Biden is planning to extend the federal freeze on student loan payments, pushing it through the end of August, according to administration officials.
