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Biden Administration Extends Pause on Student Loan Payments Through August
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John Neal, All-Black Towns, Black Towns, Oklahoma Black Towns, Historic Black Towns, Gary Lee, M. David Goodwin, James Goodwin, Ross Johnson, Sam Levrault, Kimberly Marsh, African American News, Black News, African American Newspaper, Black Owned Newspaper, The Oklahoma Eagle, The Eagle, Black Wall Street, Tulsa Race Massacre, 1921 Tulsa Race Massacre

Biden Administration Extends Pause on Student Loan Payments Through August

www.ebony.com

 

By Rashad Grove

 

 

The Biden administration has announced the extension of a pause on federal student loan repayments through August 31, 2022, CNN reports.

Since the beginning of the pandemic, a moratorium on repayments of student loans was installed and had been scheduled to expire on May 1, 2022.

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All-Black Towns, Black Towns, Oklahoma Black Towns, Historic Black Towns, Gary Lee, M. David Goodwin, James Goodwin, Ross Johnson, Sam Levrault, Kimberly Marsh, John Neal, African American News, Black News, African American Newspaper, Black Owned Newspaper, The Oklahoma Eagle, The Eagle, Black Wall Street, Tulsa Race Massacre, 1921 Tulsa Race Massacre

President Joe Biden said that while the economy is stronger than it was a year ago “we are still recovering from the pandemic and the unprecedented economic disruption it caused.”

“That additional time will assist borrowers in achieving greater financial security and support the Department of Education’s efforts to continue improving student loan programs,” he said. The President has moved the repayment date on three separate occasions.

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