Biden intends to put a halt to federal student loan payments until August

 















According to the Associated Press, the Biden Administration intends to extend the student loan payment pause for the fifth time. The current repayment moratorium was set to expire on May 1. Instead, payments on qualifying federal student loans appear to be on hold until August 31. Notably, this would restart payments well before the November midterm elections, and it appears likely to spark a new fight over further extensions as a result.

Progressive Democratic politicians have repeatedly warned that if the Biden administration reinstates payments before the midterm elections, motivating younger voters to vote will be difficult. They have advocated for significant loan cancellation for student borrowers, with the most common suggestion being $50,000 in forgiveness. Other powerful Democrats, including Sen. Patty Murray and Rep. Bobby Scott, chairs of the congressional committees with oversight of higher education, have urged the White House to extend the pause.

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