NEW: The Biden admin. is considering an extension of the moratorium on federal student loan payments, just weeks before it is set to expire; a decision will be made later this week, according to the Education Dept.
The Biden administration extended the moratorium again in September, giving borrowers until
before having to make payments again. The Department of Education said at the time that it would be the"final extension" and that it felt that a"definitive end date" would reduce the risk of delinquency and defaults once payments restart.
In a recent interview with CBS News, Vice President Kamala Harris said she recognized that Democrats needed to take action on student debt before the 2022 midterm elections. "I think that we have to continue to do what we're doing and figure out how we can creatively relieve the pressure that students are feeling because of their student loan debt," Harris said.
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