Biden administration will extend student loan debt repayment holiday to June, reports say
The administration's move comes in response to a federal appeals court ruling last week that imposed a nationwide injunction on the debt relief plan.
President Joe Biden delivers remarks on protecting Social Security and Medicare and lowering prescription drug costs in Hallandale Beach, Florida, on Nov. 1, 2022.The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until June 30 while its debt forgiveness plan remains blocked by federal courts.
"We're extending the payment pause because it would be deeply unfair to ask borrowers to pay a debt that they wouldn't have to pay, were it not for the baseless lawsuits brought by Republican officials and special interests," Education Secretary Miguel Cardona said in a statement. The pause will be extended until 60 days after the Biden administration is allowed to implement its student loan forgiveness plan and litigation is resolved, according to a press release by the U.S. Department of Education."I'm confident that our student debt relief plan is legal. But it's on hold because Republican officials want to block it," Biden tweeted.
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