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Community Advocacy Organization

Biden extends 'pause' on Student Loan Repayments

The Biden administration is extending its student loan repayment pause into 2023 while its promise of federal relief remains hung up in court. The freeze on loan repayments was set to expire on December 31st of this year.

Payments will resume 60 days after the debt cancellation program is implemented, 60 days after the lawsuits are resolved or 60 days after June 30, if litigation fails.

Borrowers have been off the hook for federal student loan payments more or less since the COVID-19 pandemic began in early 2020. The repayment pause has been extended several times since, and Biden's previous extension to the end of this year was supposed to be the last.

White House officials say this will alleviate uncertainty for borrowers as the administration asks the Supreme Court to review lower-court orders blocking Biden's student debt relief program.

Photo from Google Images

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