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

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The Biden administration announced it is again extending the moratorium on federal student loan payments, interest and collections, this time until summer's end, Aug. 31. | via NPR

, the top Republican on the House education committee, Rep. Virginia Foxx of North Carolina, responded:"Another repayment freeze only begets unfairness that is inevitably leveled at both taxpayers and responsible borrowers alike.

"During the pause, we will continue our preparations to give borrowers a fresh start and to ensure that all borrowers have access to repayment plans that meet their financial situations and needs," Education Secretary Miguel Cardona said in a statement. The GAO reported that the Education Department was able to provide some of the missing contacts but that addresses are still missing for about 1 in 4 defaulted borrowers.

 

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Biden Administration to Extend Student Loan Payment Moratorium Until End of AugustThe Biden administration is planning to extend until the end of August a pause on student loan payments. The extension could be announced as soon as Wednesday. If I would have know this, I would have stayed in school!!
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