Federal Student Loan Repayment , Pause Extended Through August.<br />Federal Student Loan Repayment , Pause Extended Through August.<br />CNN reports the pause on federal student <br />loan repayments has been extended yet <br />again by the Biden administration.<br />Borrowers will now have until August 31 <br />to forego student loan repayments.<br />The pause on loan repayments has <br />been in effect since the onset of <br />the COVID-19 pandemic.<br />Most recently, the freeze was <br />scheduled to expire on May 1.<br />President Biden believes the U.S. economy is on the rebound but acknowledged that...<br />... “we are still recovering from the pandemic and <br />the unprecedented economic disruption it caused.”.<br />That additional time will assist borrowers in achieving greater financial security and support <br />the Department of Education’s <br />efforts to continue improving <br />student loan programs. , President Joe Biden, via statement.<br />A handful of Democratic lawmakers, such as <br />Senate Majority Leader Chuck Schumer <br />and Senator Elizabeth Warren.<br />have called on the president to <br />cancel $50,000 of student loan debt <br />for each borrower.<br />While campaigning for office, Biden vocally supported <br />student debt cancellation, but since becoming president, <br />he has avoided any executive action
