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Pause on student loans extended through June 30th amid court battle over debt cancelation

President Joe Biden says his administration will continue the pause on federal student loans amid challenges to his cancelation plan.

“It isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit,” Biden said in a video message posted to Twitter.

The student loan payment moratorium was set to expire January 1st, 2023. Now it will resume 60 days after the lawsuits challenging debt forgiveness are resolved.


If they are not resolved by June 30th payments will resume 60 days after that.

Biden’s plan promises $10,000 in federal student debt forgiveness to those with incomes of less than $125,000, or households earning less than $250,000. Pell grant recipients can get another $10,000 in relief.

Around 16 million had been approved for relief before a series of court rulings stymied it.



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