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Biden administration to extend student loan payment pause on Day 1, transition officials say

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Once in office, President-elect Joe Biden will extend the coronavirus-era payment pause on student loans, a member of his transition team told reporters Friday. 

“On Day 1, the president-elect will direct the Department of Education to extend the existing pause on student-loan payments and interest for millions of Americans with federal student loans,” David Kamin, a Biden transition adviser, told reporters

The pause on student-loan payments and collections was set to expire on Jan. 31, just 11 days after Biden takes office. Congress didn’t address the student loan payment pause in the $900 billion COVID relief package lawmakers passed in December. 



Source marketwatch.com

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