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Student loan debt forgiveness: Biden again rejects $50,000 plan pushed by other top Democrats
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Student loan debt forgiveness: Biden again rejects $50,000 student loan debt forgiveness plan pushed by other top Democrats
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Biden and top Democrats split on how to cancel student debt
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Student loans: Biden extends payment deferrals until October CNN 1/20/2021 By Katie Lobosco, CNN © Jim Watson/AFP/Getty Images US President-elect Joe Biden delivers remarks on the public health and economic crises at The Queen theater in Wilmington, Delaware on January 14, 2021.
President Joe Biden is directing the Department of Education Wednesday to extend the suspension of federal student loan payments and interest.
Borrowers will not have to make payments until October 1 at the earliest, extending the already unprecedented pause on payments by eight months.
When the economy began to shut down in response to the pandemic in March, Congress passed a sweeping relief bill that automatically suspended student loan payments and waived interest. The benefit was originally set to expire in September, but was extended by the Trump administration until January 31.