White House Extends Student Loan Payment Pause Again
Summary from AllSides News Team
The Biden administration will again extend the pause on federal student loan debt payments, this time from January to June 2023.
Key Quotes: "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 lawsuits," so the Secretary of Education "is extending the pause on student loan payments while we seek relief from the court," Biden said Tuesday. In a tweet, the White House said that the "pause will end no later than June 30, 2023," and that payments "will resume 60 days after the pause ends."
For Context: It’s the eighth time that the COVID-19 pandemic-era pause will be extended. Federal student loan payments have been halted for roughly 40 million borrowers since March 2020. Meanwhile, Biden's student loan forgiveness plan is held up by legal challenges. The payment pause will end either 60 days after the Supreme Court issues a decision on the forgiveness program, or 60 days after June 30, depending on which date comes first.
How the Media Covered It: Right-rated sources focused more on estimates that suggest Biden's loan forgiveness plan will cost up to $400 billion, and some placed those projections in the context of the national debt hitting a new all-time high in October. Some left-rated sources focused more on arguments from the Education Department and student debt activists about why extending the pause was the right move, especially around the holidays.
Featured Coverage of this Story
From the CenterBiden administration to extend payment pause on student loans until after June or when legal challenges resolve
The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when it’s able to move forward with its debt forgiveness plan.
Federal student loan bills had been scheduled to resume in January.
The administration’s move comes in response to a federal appeals court ruling last week that imposed a nationwide injunction on the debt relief plan.
“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...
From the LeftPresident Biden extends moratorium on student loan payments
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 loans remains tied up in the courts.
The 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. The pause on payments will lift either 60 days after the Supreme Court issues a decision on the program, or 60 days after June 30, depending on which date comes first,...
From the RightWhite House extends student loan debt payment pause to June
The Biden administration on Tuesday announced that it will extend the pause on federal student loan repayments through June 30 as its broader debt forgiveness plan remains in legal limbo.
Federal borrowers were scheduled to resume payments in January.
"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," Education Secretary Miguel Cardona said in a statement.
The White House's decision to continue the...