The Biden administration will extend the pause on student loan payments through the summer.
President Joe Biden speaks about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del.The Biden administration will extend the pause on student loan payments once again, President Joe Biden announced on Tuesday, as the program to cancel millions of peoples' student loansThe extension is intended to give the Supreme Court time to rule on the lawsuits brought against Biden's student loan program during its upcoming term.
"I'm completely confident my plan is legal," Biden said in the video. "I'm never going to apologize for helping working class and middle class families recover from the economic crisis created by the pandemic. And I'll continue working to make government work to deliver for all Americans for all Americans."
"We're extending the payment pause because it would be deeply unfair to ask borrowers to pay a debt that they wouldn't have to pay, were it not for the baseless lawsuits brought by Republican officials and special interests," he added. The moratorium on student loan payments, which has been in place for about two years, was scheduled to expire on Dec. 31, with payments resuming on Jan. 1. It was put in place under former President Donald Trump in March 2020 and extended twice before Biden took office. Biden has since extended it six times.Biden's debt relief program going into effect
The Biden administration has pushed back on arguments about who qualifies, defending their decision to only give relief to people making below a certain income, and said that the court cases don't have standing because no one is being harmed by the debt relief program.
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President Biden extends moratorium on student loan paymentsJUST IN: Biden administration announces it will extend the moratorium on student loan payments through June 30th, following legal holdups to its student debt relief program.
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Pause on student loan repayments to be extended by President Joe BidenPresident Joe Biden will extend the pause on federal student loan payments while the White House battles in court to save his plans to cancel portions of the debt, according to two sources with knowledge of his plans.
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