After running with addressing out-of-control student debt as part of his platform prior to being elected, President Joe Biden's plans to forgive a portion of Americans' student loan debt is in limbo while legal challenges are addressed.
November 22, 2022
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Dept. of Education extends student loan pause
WASHINGTON, D.C. — The U.S. Department of Education has issued a 60-day extension of the pause on student loan repayments as officials in the administration of President Joe Biden consider how to respond to recent judicial rulings blocking the administration’s attempt to forgive a portion of student loans nationwide. According to a press release from the U.S. Department of Education, the current suspension of student loan payments is set to end on June 30, 2023. However, if current litigation challenging the president’s ability to forgive loans is resolved by that date, student loan payments will resume 60 days after that, the press release said...