LATEST: Senate Clears Key Procedural Vote on Trump Reconciliation Bill Outright
Here's What Senate Dems Plan to Do to Gum Up the Works for...
Here's One Issue Causing the Senate GOP to Shoot Inside the Ship
Well, We Knew This GOP Senator Was Going to Screw Us
How Could Anyone Support These People?
The Dog That Never Barked
A Quick Bible Study Vol. 274: ‘Psalm Summer 2025’ Begins with Three of...
An Avalanche of Congressional Investigations Need to be Initiated or Intensified
Trump Explodes on Tillis Ahead of BBB Vote, Vows to Back Primary Challenger...
JD Vance Arrives at Senate to Potentially Cast Tie-Breaking Vote on Trump's BBB
Sabotage? Schumer Drags Out Trump’s BBB With All-Night Stunt to Delay GOP Victory
DHS Raids Los Angeles Home Tied to Iranian Smuggling Ring; Terror Watchlist Suspects...
Senate Gears Up to Vote on Trump’s ‘Big Beautiful Bill’
UPDATE: Sen. Lee Drops Proposal to Sell Off Federal Land after GOP Lawmakers...
Far-Left Comedian Blames Trump for Her Overeating, Alcohol Abuse, and Depression
Tipsheet

White House Expected to Extend Federal Student Loan Repayment Pause Until August

AP Photo/Patrick Semansky

The Biden administration is expected to announce an extension on Wednesday of the federal student loan payment pause until August of this year. According to CBS, a White House administration official familiar with the decision-making confirmed the news. Currently, the payment pause was scheduled to end next month.

Advertisement

Since March 2020, around the start of the coronavirus pandemic, federal student loan payments have been paused for approximately 43 million Americans who owe a combined $1.6 trillion in student debt held by the federal government, according to the Associated Press. In addition, the AP noted that more than 7 million borrowers are at least 270 days behind on payments. 

“Borrowers will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period,” AP noted.

The Biden administration has already extended the pause several times. In December, the student loan repayment pause was extended to May 1. Reports that the administration would extend the pause until August was first reported Tuesday by Bloomberg. 

Several Democratic Senators, including Sen. Elizabeth Warren (MA) and Sen. Patty Murray (WA) has pushed President Biden to extend federal student loan repayments. 

"It is ruining lives and holding people back," Murray wrote in a statement last month. "Borrowers are struggling with rising costs, struggling to get their feet back under them after public health and economic crises, and struggling with a broken student loan system — and all this is felt especially hard by borrowers of color."

Advertisement

Democratic Sen. Sheldon Whitehouse (RI), said on Twitter that the pause “makes a real difference for students & their families.”

Republican Sen. Tom Cotton (AR) said that “Biden’s perpetual student loan payments moratorium is an insult to every American who responsibly paid debts.

“This reckless move puts taxpayers on the hook for billions.”

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement