Page 4 - Payment Pause News Today : Breaking News, Live Updates & Top Stories | Vimarsana

August 22, 2023 -

In a 6-3 June 30 decision, the Supreme Court struck down President Joe Biden's student loan forgiveness program. And now, as the payment pause end is on the horizon, loan interest will resume on Sept....

Here are the most important actions you can take starting now.

Payments while the program is tied up with legal challenges. joining me now is a student loan expert and publisher and vice president of research at savingforcollege.com. thanks for joining me today. you have written quite a bit about all the confusion around this program. explain to our viewers the time line that borrowers need to know about now with all of this happening. >> so, the payment pause in interest waiver has been extended for an eighth time until 60 days after either the court cases are resolved or june 30th, 2023, whichever comes first. so they can have as little as end of januar...

The biden administration has now extended the pause on student loan repayments well into the new year. the expiration date was set to end at the end of this year but has now been moved to june 30th. it comes after a federal appeals court ruling blocked biden's debt we leaf -- relief plan. it would cancel up to $10,000 in federal student loan debt and up to 20,000 for pell grant recipients. joining me now co-founder and author of debt collective. while the president's plan is tied up in the courts, are you encouraged by this step, this delay? >> the extension of the payment pause is absolutely ...