Biden's Education Department Suggests , Pause on Student Loan Payments , Could Be Extended.
Biden's Education Department Suggests , Pause on Student Loan Payments , Could Be Extended.
Though President Joe Biden has
often warned student loan
payments will resume May 1.
Though President Joe Biden has
often warned student loan
payments will resume May 1.
the United States Education Department
has indicated otherwise.
As reported by Politico on March 8,
the Education Department has informed all federal student loan firms to stop sending notices
about the resumption of payments.
Experts believe the attempt to halt such notices could indicate the Biden Administration may once again extend the pause on student loan payments.
According to the Education Department, the freeze on student loan payments saved 41 million borrowers tens of billions of dollars.
As the nation's collective student loan
debt balloons to new heights, .
many advocates and lawmakers
have called on President Biden to
extend the pause, reform the industry
or cancel all student loan debt.
Experts say this continued pressure
on the president may be paying off.
White House officials say the president
is currently reviewing what his
administration could do before May.
White House officials say the president
is currently reviewing what his
administration could do before May.
The president is going to
look at what we should
do on student debt before
the pause expires, or
he'll extend the pause. , Ron Klain, White House Chief of Staff, via statement
on 'Pod Save America,' as reported by 'Insider'.
While on the campaign trail in 2020,
Biden promised if elected, he'd approve
$10,000 in student debt relief