Pause on student loan payments about to end for millions
by Lexi Lonas and Alex Gangitano - 05/17/23 6:00 AM ET
The Biden administration has given its clearest indication yet that the years-long pause of student loan repayments will come to an end in the coming months.
Optimism that the White House would keep offering borrowers relief from making their payments was crushed last week, when Education Secretary Miguel Cardona told a Senate panel that the payments would officially resume due to the pandemic emergency being over.
That means borrowers, who have been jolted around since March 2020 with last-minute extensions and uncertainty over exactly when they should expect payments to start up again, will finally have to make payments — many for the first time.
President Biden said in November that payments would resume either 60 days after the Supreme Court rules on his student loan forgiveness plan — which would permanently eliminate some debt — or 60 days after June 30, whichever came first.
But student loan groups had been optimistic the president was bluffing again, hoping for another extension from Biden amid his 2024 reelection campaign.
That optimism turned to fury after Cardona’s speech at the Senate Appropriations hearing Thursday.
more
https://thehill.com/homenews/education/4006848-pause-on-student-loan-payments-about-to-end-for-millions/
