White House to extend student-loan payment pause to June 30
WASHINGTON — President Joe Biden announced that his administration would extend the pandemic-era pause in student loan repayments through June 30 amid legal challenges to his debt-forgiveness plan.
Payments now set to resume Jan. 1 won’t be required again until June 30 or until 60 days after court challenges to Biden’s loan forgiveness plan are settled, according to people familiar with the matter. A federal appeals court last week blocked the administration from carrying out Biden’s plan to cancel as much as $20,000 in debt for some borrowers.
