A White House official said Monday night that “no decision has been made” about whether to extend it again. The official said Biden will make a decision before Aug. 31.
Published 13 mins agoWith student loan payments scheduled to resume in September, the Biden Administration has not yet made a decision about debt forgiveness or another postponement of the payment freeze. Cody Hounanian, executive director at the Student Debt Crisis Center, explains why he is optimistic that student debt cancelation will happen., the federal government has told loan servicers not to contact borrowers about resuming payments, a trade group official said Monday.
The Education Department has been telling loan servicers not to reach out to borrowers as recently as “the last couple weeks,” said Scott Buchanan, the executive director of the Student Loan Servicing Alliance, which represents all of the companies that service the federal loans subject to the administration’s moratorium.
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