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Biden to extend student loan repayment pause to Aug 31 -official

Published 04/05/2022, 02:32 PM
Updated 04/05/2022, 02:56 PM
© Reuters. U.S. President Joe Biden delivers remarks on the Affordable Care Act and Medicaid, in the East Room  at the White House in Washington, U.S., April 5, 2022. REUTERS/Leah Millis

WASHINGTON (Reuters) -The Biden administration is expected to announce on Wednesday an extension of the student loan repayment pause through Aug. 31, an administration official familiar with White House's decision making said on Tuesday.

The repayment moratorium has been extended multiple times since it was first put in place in March 2020 due to the COVID-19 pandemic. The current pause was set to expire on May 1.

Nearly 41 million borrowers have benefited from a freeze on interest accruals and about 27 million borrowers have not had to pay their monthly bills since the forbearance began.

Latest comments

no one will be able to restart it woth out a big hit to their party. fantastic!!
Get this guy out of office quick
LOL!
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