PRESIDENT JOE BIDEN EXTENDS FEDERAL STUDENT LOAN PAYMENT PAUSE FOR SIX MORE MONTHS FROM DECEMBER 31st, 2022 UNTIL JUNE 31, 2023 DUE TO MULTIPLE LAWSUITS AGAINST THE STUDENT LOAN FORGIVENESS PROGRAM
The Biden administration on Tuesday extended the pandemic-era federal student loan payment pause and interest accrual until no later than June 2023 while the administration faces legal challenges to its debt forgiveness plan.
“I’m confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it,” President Biden said in a statement. “That’s why @SecCardona is extending the payment pause to no later than June 30, 2023, giving the Supreme Court time to hear the case in its current term.”
Source: The Hill, Alex Gangitano
To read more, click here: https://thehill.com/homenews/administration/3746939-biden-administration-extends-student-loan-payment-pause-to-june-2023/#:~:text=The%20Biden%20administration%20on%20Tuesday,to%20its%20debt%20forgiveness%20plan.