Finance

Student loan borrowers may get more time before payments must resume

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It’s now been more than a year that borrowers haven’t had to make a payment on their federal student loans.

That break is currently scheduled to end in September.

However, U.S. Education Secretary Miguel Cardona told the Senate Appropriations Committee this month that he was involved in conversations over whether that was the best time to resume payments. And in May, at an Education Writers Association conference, Cardona said extending the payment pause was on the table.

The White House is under increasing pressure to give borrowers more time.

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Source cnbc.com

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