SOFI - White House expected to extend pause on student loan payments again - The Hill

The Biden administration is expected to extend the moratorium on student loan payments beyond the current expiration date of May 1, The Hill reported on Tuesday, citing multiple sources. Bloomberg, citing a government official familiar with the plan, said the new extension is set to last through August and the announcement is scheduled for Wednesday. Loan payments on federal student loans were originally put on pause in March 2020 under President Trump as a way to offer relief to consumers in the early days of the pandemic when the unemployment rate spiked. Lately Democrats have been pressuring President Biden to extend the pause for several more months; almost 100 lawmakers across both chambers favor such a move to continue to provide relief to consumers as inflation climbs, The Hill said. Still to be addressed is whether Biden will act to forgive $10K in federal student loan debt per borrower, an idea

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White House expected to extend pause on student loan payments again - The Hill