The administration has faced pressure from progressive lawmakers and advocates to extend a years-long halt to federal student loan payments and interest.
When asked Tuesday about the prospect of extending student loan relief, White House Press Secretary Jen Psaki said President Joe Biden “has not made a decision yet,” a slight change from earlier this month, when Psaki, the federal government has suspended monthly student loan payments and held
interest rates at 0%. DOE says this forbearance program — which the Trump and Biden Administrations have extended repeatedly since the start of the pandemic — has saved billions of dollars for tens of millions of people who took out federally backed loans to pay for their higher education, though it
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