Biden Administration reveals student loan payment restart date:
“In the coming weeks, we will release more details about our plans”
“We will engage directly with federal student loan borrowers to ensure they have the resources they need and are in the appropriate repayment plan.
Progressive members of Congress, leading advocacy groups and student loan borrowers have lobbied President Joe Biden to extend the student loan payment pause beyond January 31, 2022. . They cite potential financial devastation for millions of borrowers if temporary student loan forbearance isn’t extended. Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren say that 89% of student loan borrowers feel financially unprepared to restart student loan payments.
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