The student loan pause has been extended until the end of the summer
2 years, 11 months ago

The student loan pause has been extended until the end of the summer

NPR  

The student loan pause has been extended until the end of the summer Enlarge this image toggle caption Chip Somodevilla/Getty Images Chip Somodevilla/Getty Images The Biden administration announced Wednesday that it is again extending the moratorium on federal student loan payments, interest and collections, this time until summer's end, Aug. 31. According to the latest department data, 500,000 federal student loan borrowers – out of more than 43 million – have been repaying their loans during the pause. Borrowers in default are getting a fresh start Perhaps the biggest news of today's announcement wasn't the extension itself, which was the worst-kept secret in Washington for weeks, but this vague line from the Education Department's press release: "The Department will continue to assess the financial impacts of the pandemic on student loan borrowers and to prepare to transition borrowers smoothly back into repayment. Sponsor Message This is big news for the roughly 7 million borrowers whose federal student loans are currently in default, many of whom had wages garnished and Social Security benefits withheld before the pandemic.

History of this topic

Some student loan repayment plans have been suspended. Here’s what borrowers should know
2 weeks, 5 days ago
Some student loan repayment plans have been suspended. Here’s what borrowers should know
2 weeks, 6 days ago
Could federal upheaval erase student loan debt? Not so fast
1 month ago
Biden cancels student debt for another 150,000 borrowers
2 months, 2 weeks ago
Millions have had student loans canceled under Biden — despite the collapse of his forgiveness plan
2 months, 2 weeks ago
Biden’s parting gift: Student loan debt relief
2 months, 3 weeks ago
Biden cancels $4.28 bn more in student debt before leaving office
3 months, 1 week ago
$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office
3 months, 1 week ago
Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’
3 months, 1 week ago
More student loans canceled in Biden’s final round of forgiveness before leaving office
3 months, 1 week ago
White House starts scrapping pending rules, including student debt cancellation
3 months, 1 week ago
More student loans canceled in Biden's final round of forgiveness before leaving office
3 months, 1 week ago
Biden scraps plans to cancel widespread student loan debt
3 months, 2 weeks ago
Biden cancels another $4.2bn in US student loans before leaving office
3 months, 2 weeks ago
Many student loans bills could double under Trump: report
4 months ago
Some student loan borrowers may have to pay more under Trump
4 months ago
Student loans and Trump: Borrowers brace for changes
4 months, 1 week ago
Biden administration scrambles to spend funds, approve projects in its final weeks
4 months, 2 weeks ago
Biden's Student Loan Repayment Plan Faces Legal Challenge as Court Sets Hearing
5 months, 1 week ago
The Biden administration has now canceled loans for more than 1 million public workers
5 months, 2 weeks ago
Is your student loan grace period ending? Here's what to know
5 months, 3 weeks ago
Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt
7 months ago
New Biden student loan repayment plan put on hold by appeals court
8 months, 2 weeks ago
Biden administration cancels another $1.2bn in student loans for public service workers
8 months, 2 weeks ago
Biden administration cancels another $1.2 billion in student loans for public service workers
8 months, 2 weeks ago
Student loan borrowers can slash their monthly payments — for now. Here’s what to know
9 months ago
Appeals court allows part of Biden student loan repayment plan to go forward
9 months ago
Appeals court allows part of Biden student loan repayment plan to go forward
9 months ago
Appeals court allows part of Biden student loan repayment plan to go forward
9 months ago
Biden administration cancelling student loans for another 160,000 borrowers
10 months, 1 week ago
Biden administration canceling student loans for another 160,000 borrowers
10 months, 1 week ago
Biden administration canceling student loans for another 160,000 borrowers
10 months, 1 week ago
$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
11 months ago
Biden cancels $6 billion in student loans for 317,000 Americans scammed by art school and brings total handouts to more than $160 billion before the 2024 election
11 months ago
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
11 months ago
The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know
11 months ago
More student loan forgiveness available, but April 30 deadline looms
11 months ago
Biden’s latest plan for student loan cancellation moves forward as a proposed regulation
11 months, 2 weeks ago
Biden administration announces another round of loan cancellation under new repayment plan
11 months, 3 weeks ago
Biden administration announces another round of loan cancellation under new repayment plan
11 months, 3 weeks ago
More Republican states sue to block Biden’s student loan repayment plan
11 months, 3 weeks ago
Biden pitches student loan relief plan, 23 million Americans may benefit
11 months, 3 weeks ago
What to know about Biden’s latest attempt at student loan cancellation
11 months, 3 weeks ago
Biden's massive bid to wipe student loan debt for 30 MILLION Americans: President plans to cancel unpaid interest for 23 million borrowers and erase all costs for four million who have been paying for
11 months, 3 weeks ago
Biden proposes new student-debt relief. Here’s who would benefit
11 months, 3 weeks ago
President Joe Biden will unveil his new plan to give student loan relief to many new borrowers
11 months, 4 weeks ago
Republican states file lawsuit challenging Biden's student loan repayment plan
1 year ago
Republican states file lawsuit challenging Biden’s student loan repayment plan
1 year ago
78,000 more public workers are getting student loans canceled through Biden administration changes
1 year ago
The case for no candidate like Biden ever again
1 year ago

Discover Related