President Joe Biden announced Tuesday that his administration is extending its pause on student loan payments through June 30, 2023, in light of Republicans waging a court battle over his debt forgiveness program.
“It isn’t fair to ask tens of millions of borrowers who are eligible for relief to resume their student debt payments while the courts consider the lawsuit,” Biden said in a video statement.
Biden began rolling out his highly anticipated student loan relief plan last month, offering to forgive $10,000 in student loans to individuals earning below $125,000 a year,