The Department of Education on Tuesday extended a pause on student loan repayments through June as officials ask the Supreme Court to determine whether the department has the authority to carry out President Joe Biden’s announced student debt relief program.
Officials said payments will resume 60 days after litigation over the program is resolved.
“If the program has not been implemented and the litigation has not been resolved by June 30, 2023 — payments will resume 60 days after that,” Department of Education officials said in a news release. Last week, the Justice Department asked the Supreme Court to decide whether officials have the authority to cancel student debt for millions of Americans. Under Biden’s student debt relief program, Pell Grant recipients would get as much as $20,000 in student loan debt relief while federal student borrowers would get as much as $10,000 in debt relief. Americans who make less than $125,000 would be eligible for the relief.
Nebraska Attorney General Doug Peterson — one of several attorneys general challenging the debt relief program — last week said the program “threatens serious harm to the economy that cannot be undone.”
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Biden to extend student loan pause as court battle drags onPresident Joe Biden is announcing that his administration will extend the pause on federal student loan payments while the White House fights a legal battle to save his plan to cancel portions of the debt
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White House extends student loan payment pause through June 2023 despite Biden pledgeThe White House plans to extend the pause on student loan repayments into 2023 as the administration faces a challenge to its plan at the Supreme Court.
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Biden to extend student loan pause as court battle drags onPresident Joe Biden is announcing that his administration will extend the pause on federal student loan payments while the White House fights a legal battle to save his plan to cancel portions of the debt.
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Biden to extend student loan pause as court battle drags onThe moratorium was slated to expire Jan. 1, a date that Biden set before his debt cancellation plan stalled in the face of legal challenges from conservative opponents. Now it will extend until 60 days after the lawsuit is resolved.
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