President Joe Biden has officially extended payment pause on federal student loans until Aug. 31, 2022.
“I’m asking all student loan borrowers to work with the Department of Education to prepare for a return to repayment, look into Public Service Loan Forgiveness, and explore other options to lower their payments,” said Biden “Vice President Harris and I are focused on supporting borrowers in need, and believe that this pause will provide a continued lifeline as we recover and rebuild from the pandemic.”
The original policy freezing bills of the tens of millions of Americans with education debt was first introduced in March 2020 by the Trump administration in the midst of the COVID pandemic.
Biden continues to sustain tremendous pressure to forgive student loan debt after promising to cancel up to $10,000 for all paying off their education. There is currently no visible assurance for him to fulfill this promise.