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The Biden administration will officially enact another extension of the pandemic payment pause related to federally-backed student loans through the end of August.
The latest extension of the payment pause — the eighth so far — is set to expire 60 days after either June 30, or whenever the Supreme Court decides on the loan forgiveness plan.
The student loan payment pause -- which was set to end Dec. 31, 2022 -- will be extended to the end of June 2023 as the Biden administration awaits the Supreme Court's ruling on the federal student...
The pause on federal student loan payments was set to expire at the end of September.
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 payment pause will expire in October — or 60 days after the Supreme Court announces its decision on the fate of Biden’s student loan forgiveness, which it is expected to do by June 30.
Without making payments on her $80,000 in student loans, she started saving. She bought furniture. She chipped away at credit card debt. But once the pause ends, she expects to pay about $500 a month.
Student loan borrowers now have a bit of breathing room. The Biden administration recently extended the student loan repayment pause to August 31, 2022 from the original deadline set to expire May ...
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