Biden administration considering another extension of student loan payment pause

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NEW: The Biden admin. is considering an extension of the moratorium on federal student loan payments, just weeks before it is set to expire; a decision will be made later this week, according to the Education Dept.

The Biden administration extended the moratorium again in September, giving borrowers until

before having to make payments again. The Department of Education said at the time that it would be the"final extension" and that it felt that a"definitive end date" would reduce the risk of delinquency and defaults once payments restart.

In a recent interview with CBS News, Vice President Kamala Harris said she recognized that Democrats needed to take action on student debt before the 2022 midterm elections. "I think that we have to continue to do what we're doing and figure out how we can creatively relieve the pressure that students are feeling because of their student loan debt," Harris said.

 

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This is financially dangerous for those of us that owe this money. Stop changing the guidelines and dates, some of us need to file taxes so we can get help on our repayment plans. This is screwing with so many people. freeloaders

This is why the Democrats will be trounced in the next couple elections. What gives Congress the right to use taxpayer funds to forgive certain segments student loans!🤷 Insanity

I'm sure people appreciate this but it just lengthens the life of the loan and people can't get on with their lives. Forgiveness!

Almost two years of deferment and no agency or person seems to have suffered. It's almost as if our payments are not needed. So why not just help 40+ million Americans and CancelStudentDebt? CancelStudentDebt

NoMoreSocialism

Just fucking cancel it and join the actual developed world. Or don't, and we'll join the revolution

God bless America and president joe manchin

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