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The delay could mean that federal student borrowers might have to resume payments in January 2023 — when the current repayment pause expires — without the loan forgiveness they applied for.
The pause comes after two federal courts temporarily blocked parts of a student loan repayment plan known as SAVE (Saving on a Valuable Education), launched by President Joe Biden last year.
As part of the student loan forgiveness plan, there is a clause specifying: “If you made voluntary payments during the payment pause — from March 13, 2020, through Dec. 31, 2022 — and your ...
In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. On August 8, 2020, the Trump administration issued a memorandum instructing the Secretary of Education to pause on student loan payments and interest through December 31, 2020 using the authority granted by ...
The administration has extended the payment pause for one final time through December 31. Here, we explain all you need to know about President Biden’s federal student loan policy.
The Biden administration will officially enact another extension of the pandemic payment pause related to federally-backed student loans through the end of August.
A recent analysis from the California Policy Lab and the Student Loan Law Initiative found that if the payment pause had ended after May 1, about 7.8 million borrowers — roughly one in three ...
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 ...
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