U.S. to extend student-loan payment pause during Supreme Court challenge

📆 2022/11/23 11:30:00

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📆 2022/11/23 11:30:00
📰 YahooNews

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The U.S. will extend a pandemic-era pause in student loan repayments to no later than June 30, 2023, President Biden said.

WASHINGTON -Americans with student loan debt may get a reprieve from payments through August under a plan announced on Tuesday by President Joe Biden, who said the timeline would give the Supreme Court a chance to hear a challenge to his policy.

Biden said on Twitter the pause in student debt repayments would be extended while the case is pending, potentially until June 30. The U.S. Education Department announced payments would resume 60 days after, which could be until late August. "I'm confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it," the U.S. president said on Tuesday.

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