Biden's student loan repayment pause may cost another $40 billion: CRFB
President Biden's latest extension of the student loan repayment pause could cost taxpayers another $40 billion, according to the nonpartisan Committee for a Responsible Federal Budget.
The Department of Education announced Tuesday that the pause would continue until either 60 days after the resolution of legal cases related to Biden's student loan cancelation plan, which has to date been blocked by courts, or until 60 days after June 30, 2023 – whichever occurs sooner. Prior to Tuesday's announcement, student loan repayments had been scheduled to resume in January 2023.
The Committee for...