At the end of August, the current pause on student loan payments is expected to end...or is it ending?
told loan servicers to stop sending messages about resuming student loan payments, indicating another extension on the pause., the department requested companies that handle federal-level student loans stop sending letters on student loan payments, which as of now will resume after August 31., “we’re almost 30 days away from the planned resumption and the department has been telling servicers to hold off on resumption communications for the last few months.
“Maybe the department expects that the White House will yet again kick the can down the road,” Buchanan
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President Biden weighs extending student loan payment pause beyond August 31The White House said that President Biden is deliberating whether to extend the pause on federal student loan payments beyond Aug. 31 and forgive a portion of student debt per borrower.
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Student loans: Biden considers forgiving $10,000 per borrower, extending payment pause to 2023The current pause on student loan payments expires Aug. 31 but is expected to be extended.
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Biden May Extend Student Loan Pause Into Next Year And Is Considering Other Relief, Including Loan ForgivenessPresident Biden is nearing decisions on key student loan relief initiatives including a possible extension of the student loan pause into 2023, and enacting some form of broad student loan forgiveness.
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Biden Administration Sends Signal That It May Be Extending Student Loan PauseThe Biden administration has told student loan servicers not to send out bills ahead of the scheduled end date of the current payment pause, signaling that they may be preparing to extend the student loan payment pause again.
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Student Loan Servicers Told Not to Contact Borrowers as Payment Pause Deadline NearsA White House official said Monday night that “no decision has been made” about whether to extend it again. The official said Biden will make a decision before Aug. 31.
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Student loan servicers instructed to hold off sending billing statementsStudent loan servicing contractors for the federal government are being told to hold off on sending out billing statements as the Aug. 31 deadline looms for when a loan payment freeze of more than two years is set to end, according to a report.
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