Share
President Joe Biden announced Tuesday 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.
“It isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit,” Biden said in a video posted on Twitter.
The 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. If the lawsuit has not been resolved by June 30, payments would resume 60 days after that.
The Justice Department last week asked the Supreme Court to examine the issue and reinstate Biden’s debt cancellation plan.
RELATED TOPICS:
Hamas Is Sending a Delegation to Egypt for Further Cease-Fire Talks in the Latest Sign of Progress
8 hours ago
DEA’s Marijuana Reclassification Could Revive California’s Struggling Pot Industry
8 hours ago
US Airstrike Targeting Al-Qaida Leader in Syria Killed a Farmer, American Military Says
9 hours ago
Lagging Revenue Drives California Budget Deficit as Deadline Nears
10 hours ago
Police Investigating Possible Vandalism at Jewish Temple, Catholic Church