President Biden says he will extend the pause on student loan payments until May. The payments were set to restart in February.
The payments, which were set to restart on February 1, have been paused since the beginning of the pandemic. Biden pointed to the ongoing Covid-19 crisis in the country as the reason for the extension."Given these considerations, today my Administration is extending the pause on federal student loan repayments for an additional 90 days — through May 1, 2022 — as we manage the ongoing pandemic and further strengthen our economic recovery," Biden said in a statement.
When asked earlier this month about that campaign pledge, Psaki said the executive authority regarding student loan forgiveness is still under review and added that the President supports congressional action on the matter."If Congress sends him a bill, he's happy to sign it. They haven't sent him a bill on that yet," she said.
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