White House to extend student loan suspension through August
WASHINGTON (AP) — The Biden administration plans to freeze federal student loan payments through August 31, extending a moratorium that has allowed millions of Americans to defer payments during the coronavirus pandemic, according to an official. administration familiar with White House decision-making.
Student loan repayments were due to resume on May 1 after being halted since the start of the pandemic. But following calls from Democrats in Congress, the White House plans to give borrowers additional time to prepare for payments.