WASHINGTON — The U.S. government is expected to extend a pause on student loan repayments through Aug. 31, an official familiar with the plans said.
The announcement is due Wednesday, the official added. The administration has grappled with ending the pause on loan payments as the economy’s recovery from pandemic lows continues — bringing with it inflation that has outpaced wage gains.
Domestic Policy Adviser Susan Rice advocated for the pause, and has been pushing within the administration to provide student loan relief, the official said. The coming announcement was reported earlier by The Hill.
