Biden Expected to Extend Loan-Payment Moratorium for 4 Months
Scott Jaschik
April 6, 2022
President Biden is expected to extend his moratorium on federal student loan payments today or tomorrow, Politico reported. According to the article, the new deadline for beginning to repay loans will be Sept. 1.
Many Democrats in Congress and activist groups have been urging the president to completely eliminate loan payments for some students, or to extend the moratorium beyond four months.
“We recognize that extending the payment pause is important to borrowers struggling to shoulder the harm caused by the pandemic, economic shocks, and inflation. However, President Biden’s piecemeal, short-term approach is not enough to meet these challenging times,” said Natalia Abrams, president and founder of the Student Debt Crisis Center.
