for loan forgiveness and repayment programs, suggesting that servicers may not have adequate staffing to address a surge in paperwork and inquiries that will inevitably arrive as payments resume in January.A recent survey by Savi and the Student Debt Crisis Center suggests that many student loan borrowers are not ready to resume payments in January. According to the survey,
nearly 50% of borrowers say they would be unable to afford their student loan payments six months from now, and nearly 9 in 10 say they are concerned or very concerned that inflation will make it harder to afford student loan payments when they resume. Seventy-seven percent of respondents support extending the student loan payment pause beyond December 31.
“Student loan payments impact whether families can afford basic necessities from food to rent,” said Tobin Van Ostern, co-founder of Savi, in a statement. “We see this concern in the thousands of questions we receive from borrowers on a daily basis who are concerned about their ability to begin repaying student loans and how that process will work.
While another extension would certainly invite criticism of the Biden administration from Republican lawmakers, there is clear precedent for extending the relief in the face of new developments that adversely impact borrowers, such as new Covid-19 variants and associated economic challenges, including surging inflation.extended the Covid-19 public health emergency
by not providing a required 60-day notice to states and health care providers prior to ending the emergency. The emergency has been the legal basis of the payment pause under HEROES Act of 2003, which allows the federal government to modify federal student loan programs in response to national emergencies and to ensure that student loan borrowers are not left in a worse position than before the emergency began.
That's the FTX crypto king right there dishing out money he made from Ukraine
The emergency justify the pause is over. POTUS said so himself.
Who really cares? he's wrong and he knows it !
🤔 Interesing... We have crafted a debrieft on this topic. See below:
Story definitely worth checking. Find the short note on it below:
Till 2024 election 😂😂
He can’t forgive so why not pause? Kind of like the pause of Hunter’s investigations… temporary! BidenWorstPresidentEver
That’s Immediately Needed Any Delay is Not Justified
1) 2024 2) also 2024 3) possibly 2024 4) and 2024 5) let's not forget 2024 6) or 2024 7) because 2024 8) we know it will be extended for 2024
The lies that perpetuates via these articles is almost comical ..
U are peddling lies everyone knew this would get laughed out of court
Make it permanent for everyone
Repigs will go to a Trump judge to stop it. Repigs are enemies of American people. MAGA is for morons MAGAGA is for rolled over TrumpIsALaughingStock ArrestTrumpNow
Right before the next election cycle so it can be struck down (again)
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