Biden-Harris Administration Extends Student Loan Pause Through May 1, 2022
The Trump administration initially suspended federal student loan payments in March 2020 and later extended it through January 2021. Biden has now moved to continue it twice, and the Education Department raised concerns about the effects of suddenly restarting payments, both for students and administratively within the department.
The extension of the loan moratorium comes as decision whether to erase large swaths of student debt altogether is still on the table.
Some Democrats are pushing for mass forgiveness of debt. But Biden has questioned whether he has the authority for that kind of mass cancellation, and legal scholars differ on that. Earlier this year, Biden asked the Education and Justice departments to study the issue. Officials have said that work is still underway.
Biden has previously said he supports canceling up to $10,000 in student debt, but he has argued it should be done by Congress.
Meanwhile, in October, the administration relaxed the rules for the student loan forgiveness program it has in place already, ditching some of the toughest requirements around the program that was launched in 2007 to steer more college graduates into public service.
Biden said that he was also asking all student loan borrowers to “do their part as well.” He said they should take full advantage of Education Department resources as they prepare for payments to resume, look at options to lower payments through income-based repayment plans, explore public service loan forgiveness, and make sure you are vaccinated and boosted when eligible.”
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