The Biden administration will extend the student loan payment moratorium through August 31, according to reports.
Payments are currently slated to restart after May 1, but pushing the deadline back again will allow debtors to avoid paying off their loans for several extra months.
While the Biden administration has kept the moratorium alive by making extensions, Republican President Donald Trump previously extended the moratorium during his time in office as well.GOP Sen. Virginia Foxx of North Carolina issued a blistering statement rebuking Biden over the reported plans to prolong the loan repayment moratorium again.”Taxpayers have been footing the student loan bill […]
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