A decision on whether to extend the moratorium on student loan payback could come from the White House this week.
The moratorium is scheduled to end January 31st, but the Biden administration is said to be considering an extension. The pause on student loan repayment began in March, 2020 with the passage of the federal CARES Act. Senator Chuck Schumer said earlier this month he was “intent” on getting the pause extended. “We are calling on the administration to continue that pause with the advent of Omicron, the continuation of COVID,” Schumer said during a Dec. 6 press conference. “Students should not have to have this burden placed on their shoulders.”
The President has said that he did not intend to extend the pause and any lenders have been under the assumption repayment would resume in February.
White House Press Secretary Jen Psaki said earlier this week that the President had not made a decision.
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