Credit Cards April 13, 2023 | Smart Loan Access

What are the chances Biden extends the student loan pause again?

President Biden faces a ticking timer on the resumption of student loan payments by the end of the summer — but will he allow it to go off?

The payments, paused amid the coronavirus pandemic, are set to begin either 60 days after the Supreme Court makes a ruling on Biden’s student debt forgiveness program or 60 days after June 30, the White House has said.

Biden had also previously said the payments would resume at the beginning of 2023, and that there would not be another extension of the pause, which began under then-President Trump in 2020.

Although the White House won’t discuss the possibility of a Plan B if the high court strikes down Biden’s relief proposal, experts believe yet another extension of the loan payment pause is a possibility.

“I definitely think this is on the table,” said Rebecca Natow, assistant professor of educational leadership and policy at Hofstra University and a higher education policy expert.

Policy-wise, the move would put the Democratic president in line with student debt advocates and others in his party who are demanding an extension of the payment pause.

“From a political standpoint, this is popular among a cross section of voting demographics, and that should always be a a consideration going into a presidential election year,” said Rodell Mollineau, a Democratic strategist.

Read more

Contact Us

fa-map-marker

3012 NJ-27 Unit 6 #291, Kendall Park, NJ, 8824

fa-envelope-o

[email protected]

Skip to content