WASHINGTON, D.C. -- The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration official familiar with the White House's decision-making.Student loan payments were scheduled to resume May 1 after being halted since early in the pandemic.
Democrats on education panels in the House and Senate recently urged President Joe Biden to extend the moratorium through the end of the year, citing continued economic upheaval. Murray called on the Biden administration to lift all borrowers out of default to provide a"fresh start" following the pandemic.
"Serious delinquency rates for student debt could snap back from historic lows to their previous highs in which 10% or more of the debt was past due," the bank said.
So you’re giving the lazy millennial kids a harsh lesson in Compounded Interest
This is obnoxious! Pay your fair share!
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Student loan payments no longer scheduled to resume May 1 after Democrats push extensionStudent loan payments were scheduled to resume May 1, but following calls from Democrats in Congress, the White House plans to give borrowers additional time.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Student loan payments no longer scheduled to resume May 1 after Democrats push extensionStudent loan payments were scheduled to resume May 1, but following calls from Democrats in Congress, the White House plans to give borrowers additional time. Kicking the can down the road will not fix the problem. The Govt is never going to wipe away debt. If unemployment is at all time lows why can’t they pay back the money they borrowed? What part about loan did they not understand. If they borrowed $150k and majored in English Literature and can’t afford to pay back the loan whose fault is that?
Source: ABC7NY - 🏆 592. / 51 Read more »
Student loan payments no longer scheduled to resume May 1 after Democrats push extensionStudent loan payments were scheduled to resume May 1, but following calls from Democrats in Congress, the White House plans to give borrowers additional time. Why keep pushing it back when they n just eliminate it for good? ...or just cancel them as promised to voters during the campaign. Wheres the 10k Joe? Make em pay already
Source: ABC7 - 🏆 67. / 68 Read more »
Student loan payments no longer scheduled to resume May 1 after Democrats push extensionStudent loan payments were scheduled to resume May 1, but following calls from Democrats in Congress, the White House plans to give borrowers additional time.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Student loan payments resume May 1 after being suspended for 2 yearsThe payments were supposed to start in February, but got pushed back several months. The pause was put in place because of the Care Act in 2020. They probably threw confetti in the air announcing this Between this and rent going up 26% I'm screwed. Here I come doordash.... Wait Biden promised to cancel student loan debt. What happened? LOL.
Source: abc15 - 🏆 263. / 63 Read more »