SoFi Sues Biden Administration , Over Student Loan Payment Pause.<br />SoFi Sues Biden Administration , Over Student Loan Payment Pause.<br />A pause on federal student loan payments <br />has been in place since March 2020.<br />The moratorium was instituted during Trump's time in office to help those struggling amid the pandemic.<br />To date, it has been extended eight times.<br />CNN reports that SoFi sued the <br />White House last week to put an end to it.<br />According to the personal finance company, the last extension was unlawful because the payment restart date was tied to pending litigation surrounding the Biden administration's student loan forgiveness program.<br />The case is now being heard <br />by the U.S. Supreme Court.<br />Unlike the other extensions, the Department (of Education) did not claim that continuing the moratorium was necessary to address harm caused to borrowers affected by the pandemic, SoFi, via lawsuit.<br />Instead, the Department asserted that the further extension was intended to alleviate ‘uncertainty’ for borrowers during the pendency of ongoing litigation regarding the debt-cancellation program, SoFi, via lawsuit.<br />As a result, SoFi says it at least wants borrowers <br />who aren't eligible for Biden's student loan forgiveness program to resume payments.<br />The Department of Education <br />issued a statement in response.<br />This lawsuit is an attempt by a multi-billion dollar company to make money while they force <br />45 million borrowers back into repayment – putting many at serious risk of financial harm, Department of Education, via statement
