President Biden officially extended the pandemic pause on federal student loan payments until the end of August.
President Joe Biden officially extended the pandemic pause on federal student loan repayment on Wednesday. Borrowers won't have to renew their monthly payments until the end of August. Reactions to the announcement have been mixed.
There've been indications for a while now that the administration would extend the student loan pause — for the fifth time. And what a lot of people are saying — whether they support canceling student debt or not — is, just make a decision. Either take some action to permanently cancel student debt or prepare borrowers for the reality that they'll once again need to start payments.But I think he needs to go further. We've got to ease the burden, not merely delay it.
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